Oil prices sink Asian equity markets
The massive oil-price spike this morning, has sunk equity markets across Asia, coming after a weak finish on Friday in New York despite a monster Non-Farm Payrolls print. With most of Asia being massive net energy importers, it is hard to construct a bullish case tight now, and with the stagflationary wave coming sure to hit Asia hard, any rallies will probably be measured in days and not weeks.
On Friday, US equities finished on a weak note as markets watc
Mar 07, 2022
by Jeffrey Halley