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EquityWireEquity Alert: Asian indices mixed as crude oil prices rise for the third day
Equity Alert

Asian indices mixed as crude oil prices rise for the third day

This story was originally published at 08:09 IST on 8 September 2026
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Informist, Tuesday, Sept. 8, 2026                                      Tel +91 (22) 6985-4000


Equity Alert: Asian indices mixed as crude oil prices rise for the third day

 

MUMBAI--0745 IST--Major indices in Asia were mixed as crude oil prices were up for a third consecutive day over fresh attacks between the US and Iran over the weekend. US President Donald Trump Monday said in a Truth Social post that oil prices would "drop precipitously" after the US wins the war with Iran, expecting it to drop $3 a gallon and ultimately $2 a gallon. He added that Iran will "never have a Nuclear Weapon." 

 

The November futures contract of Brent crude oil was up marginally at $97 per barrel Tuesday. US markets were closed for trading Monday for Labor Day. The Dow September futures contract was down nearly 0.6%.        

 

Investors expect the Bank of Japan to hike interest rates later this month after Japan's GDP growth for the June quarter was at an annualised 1.4%, above the initially expected 1.1%, according to a Reuters report. "Given that the April–June quarter was a period when the Middle East situation could have exerted downward pressure, the fact that growth ended up around this level is notable. It is not at all a situation where we need to worry about the economy... That means the Bank of Japan can definitely move ahead with rate hikes," Kento Minami, senior economist at Daiwa Securities, told Reuters.

 

Investors expect a 98% chance of a 25-basis-point hike to 1.25% by the Bank of Japan at its September meeting, according to the Reuters report. Traders also expect another 25 bps hike at the January meeting. 

 

Tuesday, the South Korean Kospi was the region's top gainer, rising over 1%. Shares of heavyweights SK Square, SK Hynix, and Samsung Electronics were up 2–4%. Japan's Nikkei 225 was up marginally, while Topix was down around 0.4%. SoftBank Group Corp shares supported the Nikkei and were up nearly 6%. Mainland China's CSI 300 Index was nearly flat, and Hong Kong's Hang Seng was down 0.5%.   

 

The following are the key levels of indices in the region at 0715 IST:

 

Index

Level

Change in %

Nikkei 225 Day

66507.08 0.2

TOPIX FIRST SECTION

4108.92 (-)0.4

S&P/ASX 200 Index

8956.30 (-)0.6

KOSPI Index

7082.20 1.2

Hang Seng Index

25279.83 (-)0.5

CSI 300 Index

4580.06 0.1

FTSE Singapore Strait Times

5766.67 (-)0.4

 

(Vidhi Thacker)

 

US$1 = INR 94.49

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - https://www.sebi.gov.in
Bombay Stock Exchange - https://www.bseindia.com
National Stock Exchange of India - https://www.nseindia.com
Directory of Indian government websites - https://igod.gov.in/
Indian Ministry of Finance - https://igod.gov.in/organization/Ic4zv3QBGZk0jujBKgGW
Reserve Bank of India - https://rbi.org.in
Controller General of Accounts, Government of India - https://cga.gov.in/
Government's Press Information Bureau - https://www.pib.gov.in

 

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