Asian stocks slip from pre-war peak on Mideast ceasefire doubts, fallout worries
Business
Markets digested the indefinite ceasefire extension announced by US President Donald Trump, weighing the long-term implications of already lost crude supply and the ongoing closure of the Strait of Hormuz on emerging, energy-importing countries in Asia. Equities in emerging Asia declined on Wednesday (Apr 22) as investors looked beyond the indefinite extension of the Iran ceasefire to the implications of crude supply disruptions on inflation and economic growth in the region. The MSCI gauge of
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