Asian markets opened lower this morning as a result of rising oil\nprices and tensions between Iran and the United States (US) that have\nleft investors anxious.<\/p>\n
Japan\u2019s Nikkei 225 index fell 1.2%, while the Topix index weakened\n1%.<\/p>\n
South Korea\u2019s Kospi index dropped 1.8% at the open, while the Kosdaq\nindex, which covers small-capitalisation shares, declined 2.17%.<\/p>\n
Australia\u2019s benchmark S&P\/ASX 200 index fell 0.47%.<\/p>\n
Hong Kong\u2019s Hang Seng index futures were last at 24,885, lower than\nthe index\u2019s previous close of 25,210.81.<\/p>\n
In Australia, S&P\/ASX 200 futures were last trading at 8,750,\nwhilst the index closed at 8,839.<\/p>\n
Brent crude oil futures broke through US$100 per barrel for the first\ntime since late May 2026. The price jumped around 7% compared to\nyesterday.<\/p>\n
Meanwhile, West Texas Intermediate (WTI) futures rose around 6% on\nthe same day, after two Saudi Arabian oil tankers were reported to have\nbeen attacked in the Red Sea.<\/p>\n
\u201cAlthough the market\u2019s current positioning does not guarantee that\noil prices will continue to rise, it means the market is entering the\nlatest escalation in a condition that is ill-prepared for a price\nshock,\u201d said Adam Turnquist, chief technical strategist at LPL\nFinancial, quoted by CNBC International on Friday (24\/8\/2026).<\/p>\n
According to him, when market sentiment and positioning are highly\nbearish, even a moderate decline in supply expectations can trigger an\nextraordinary price response.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/oil-price-breaches-us-100-again-asian-markets-open-lower-1784861468", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }