Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening

Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening

Asia-Pacific markets traded mostly higher Friday, after Iran and Oman were reportedly drafting a protocol to “monitor transit” through the Strait of Hormuz, raising hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of…

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South Korea stocks lead losses in Asia-Pacific as investors parse key data from China

South Korea stocks lead losses in Asia-Pacific as investors parse key data from China

Aerial view of vehicles being driven on the road through the central business district in Beijing, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets fell Monday, after Wall Street declined Friday stateside as investors took a breather from the AI trade. “[Friday] is a value-outperforms-growth day,” said Jed Ellerbroek, portfolio manager at…

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