Australian shares fell, with the benchmark S&P/ASX 200 index hovering near a correction, after Trump ruled out an exemption from steel and aluminum tariffs despite a lobbying campaign by Prime Minister Anthony Albanese’s government. Stocks rose in Japan and South Korea.
Global Market | Is India prepared for a prolonged Middle East oil disruption?
India’s heavy reliance on Middle East crude and relatively low inventory buffers leave it vulnerable to prolonged supply disruptions amid escalating regional tensions. With Brent