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Global Shares Mixed as Wall Street Dips, Oil Stabilizes Amid US-Iran Talks
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News18•29-09-2026, 16:30
Global Shares Mixed as Wall Street Dips, Oil Stabilizes Amid US-Iran Talks
- •Global shares showed mixed performance following Wall Street losses, with US Treasury yields pausing their run-up after reaching near two-decade highs.
- •US futures edged lower and oil prices stabilized due to uncertainties surrounding US-Iran talks and the potential reopening of the Strait of Hormuz, a critical route for global oil shipments.
- •European markets saw gains, with Britain's FTSE 100, France's CAC 40, and Germany's DAX all rising slightly in early trading.
- •Asian markets were largely down, with Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng declining, while the Shanghai Composite index gained after China's State Council discussed boosting its economy.
- •Stocks are pressured by rising US Treasury yields and central bank interest rate hikes, including Australia's fourth rate increase this year and recent hikes by the US Federal Reserve and the Bank of Japan, to curb inflation.
Key Questions Answered
Global shares were mixed following losses on Wall Street, where stocks faced pressure from rising US Treasury yields as investors demanded higher returns amid growing concerns about inflation and government debt.
Oil prices stabilized and stayed elevated due to ongoing uncertainties surrounding US-Iran talks, the potential reopening of the Strait of Hormuz, and mediation efforts to end the fighting.
Hong Kong-traded shares of Shein fell 10.7 per cent after the online fashion retailer reported that its adjusted net profit dropped 67 per cent in the three months ending June 30 compared to the previous year.
