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HomeMarket NewsAsian shares steady, oil declines amid West Asia tensions
South Korea's Kospi index was flat while Japan's Nikkei 225 was up 1.4%. US equity index futures were down 0.1%.
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Asian shares gained slightly even as traders remained cautious ahead of the megacap tech results this week.
Oil prices fell from their highest close from mid-June as an escalation in West Asia hostilities renewed inflation worries.
South Korea's Kospi index was flat while Japan's Nikkei 225 was up 1.4%. US equity index futures were down 0.1%.
Brent crude declined 0.4% to $88.86 a barrel.
Elevated oil rates and West Asia tensions are giving traders a renewed reason for caution. Investors are now looking at the megacap tech results this week for clues on if the AI-driven rally this year can be sustained.
Tesla, Alphabet are among the firms reporting their results on Wednesday, while Microsoft, meta, Apply and Amazon will report their numbers next week.
