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06:35
Asian Stocks Close Mixed, with South Korea's KOSPI Index Up 2.55%
BlockBeats News, May 26th, according to Bitget market data, the Japanese and Korean stock markets closed mixed today. The Nikkei 225 Index closed down 162.10 points, a decrease of 0.25%, to 64,996.09 points. The South Korean KOSPI Index closed up 199.8 points, an increase of 2.55%, to 8,047.51 points.
06:34
Japanese stocks closed down 0.25%
Glonghui, May 26|Nikkei 225 Index closed down 162.10 points, a drop of 0.25%, at 64,996.09 points.
06:33
Amid tensions in the Strait of Hormuz, Russia’s oil supply is of great significance to the global market
(1) Kyle Shostak, Managing Director of US investment firm Navigator Principal Investors, stated that under the current situation in the Strait of Hormuz, Russian oil supplies hold tremendous significance for the global market, and their importance cannot be overstated. (2) He pointed out that these supply volumes are substantial, especially for Asia, which faces severe shortages due to disruptions from Middle Eastern suppliers. Even before the previous round of permits expired, major Indian importers had already expressed intentions to continue purchasing Russian oil, despite uncertainty at the time regarding new exemptions. (3) Shostak explained that this is because Indian refineries have been processing Russian oil for many years.
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