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Asian markets shrug off concerns over oil prices

  • Shrugging off concerns over falling oil prices and the state of the eurozone, key stock markets in Asia ended higher on Wednesday, January 7, according to media reports.

    After its worst showing since March, the Japanese Nikkei 225 ended the day’s trade without much change at 16,885.33.

    The Brent crude oil price has fallen below the $50 threshold to reach $49.92. The US crude is also below $50. But investors in Asia appear to have taken these concerns in their stride.

    While the Shanghai Composite closed at 3,373.95, up 0.7%; the Hang Seng ended at 23,681.26, up 0.8%.

     

    Tagged as: investor, oil prices, eurozone, Asian shares, euro, US dollar, Nikkei, Shanghai Composite, Hang Seng, business news