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Asian stocks subdued, oil rises on US-Iran tensions

Updated : June 24, 2019 08:27 AM IST

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.16 percent in early trade while Japan’s Nikkei ticked down 0.26 percent.
Wall Street shares closed slightly lower on Friday after hitting a record high thanks to signals last week from the Federal Reserve that it would cut interest rates soon to bolster its economy from protracted trade conflicts.
Brent crude futures rose 0.6 percent to $65.58 per barrel, near Friday’s three-week high of $65.76. US crude futures were up 0.75 percent at $57.88 per barrel.
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