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Asian markets mixed; crude benchmarks gain

May 25, 2020 10:29 IST

The Asian Markets were mixed on Monday amid concerns over rising US-China tensions, optimism on reopening of economies and hopes about more stimulus measures by global central banks. At 9:15 am, Hong Kong  market's benchmark index was down 0.9% due to rising political agitation. Australia's ASX 200 was up 1.48%, Japan's Nikkei rose 1.45%, while Chinese markets were almost flat.

Crude oil, which fell due to the rising US-China tensions, reversed the trend on Monday as the Brent crude spot was up 1.43% at $34.66, similarly, the US West Texas Intermediate was almost 2% higher.