Asian Stocks Climb Following Wall Street Gains and Oil Price Drop

Sep 18, 2026

70 min

Sep 18, 2026 04:31

Asian stocks track Wall St rally as oil prices drop

## Market Overview

Asian stock markets experienced gains on Friday, mirroring a positive trend on Wall Street. This uptick was largely driven by a decrease in oil prices, which alleviated some inflation concerns. Investors are also closely monitoring the Bank of Japan's upcoming interest rate decision.

## Factors Influencing the Market

The Federal Reserve's recent interest rate hike provided some reassurance to traders worried about inflation's impact on the global economy. Additionally, Saudi Arabia's efforts to restore crude shipments following disruptions have contributed to the decline in oil prices. This has helped stabilize markets, with crude prices dropping approximately 5% from recent highs.

## Regional Market Performance

Major markets across the Asia-Pacific region, including Seoul, Tokyo, Hong Kong, Shanghai, Sydney, and Taipei, saw advances. However, slight declines were noted in Singapore, Wellington, and Manila. The 10-year US Treasury bond yield also fell below 5%, reflecting eased borrowing costs.

## Currency Movements

In currency markets, the yen weakened against the dollar ahead of the Bank of Japan's anticipated interest rate hike. Analysts suggest that the focus will be on the central bank's future guidance rather than the rate decision itself.

## Key Market Figures

As of 0200 GMT, Tokyo's Nikkei 225 rose by 0.7%, Hong Kong's Hang Seng Index increased by 0.9%, and Shanghai's Composite Index climbed by 0.8%. Meanwhile, the dollar strengthened against the yen, while the euro slightly weakened against the dollar.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents

LinkedIn X Facebook WhatsApp Telegram