Energy is in focus this week as equity investors in several key Asian markets returned from holiday Tuesday to see crude oil prices have jumped to a six-month high.
Brent crude extended gains to $74.32 a barrel at 3:34 p.m. in Hong Kong, after climbing 2.9 percent Monday, as the Trump administration said it will no longer give China, India and other markets a pass on sanctions barring purchases of Iranian crude. In response, Iran threatened to shut the Strait of Hormuz, a key maritime chokepoint for Persian Gulf producers.
Landmark Financial Seoul Korea Blog 