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Asia stocks firm, crude hits 5-month high on Iran sanctions report

Updated : April 22, 2019 08:15 AM IST

Equities markets were subdued, with MSCI’s broadest index of Asia-Pacific shares outside Japan trading little changed. The index was within reach of a nine-month peak scaled on Thursday after Chinese economic data beat expectations and eased concerns about the health of the world economy.
In currencies, the dollar index against a basket of six major currencies was a shade lower at 97.369. The index was still within touching distance of a 1-1/2-month peak reached on Thursday after steady US retail sales data.
The US reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers.
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