Shares in Australia, Japan and South Korea advanced at the open, with the Topix index gaining for a 12th day for its longest winning streak since October 2017. Futures contract for the S&P 500 and the Nasdaq 100 both climbed more than 1.2%, while oil rose and gold fell 1.5%. The greenback climbed against major peers while the yield on the 10-year US Treasury rose 3 basis points.
Oil climbs following renewed US, Iran strikes in Middle East
Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential