Oil Extends Decline as Iran Nuclear Deal Seen Exacerbating Glut

Oil extended its decline after its biggest weekly drop since March as investors weighed the prospects of Iran increasing crude exports in an oversupplied market. Futures dropped as much as 1.8 percent in New York after capping a 7.4 percent loss through July 10. Iran and world powers may announce a nuclear deal as soon as Monday after a political agreement was reached to lift...

Hong Kong Stocks Open 0.77 % Lower

Shares in Hong Kong slipped 0.77 percent in the first few minutes Monday after surging almost six percent at the end of last week as investors await the resumption of trade in Shanghai, which is witnessing severe volatility. The Hang Seng Index eased 191.70 points to 24,709.58. Source : AF...

Shanghai Composite Set to Open Higher as Margin Bets Increase

The Shanghai Composite Index is poised to open higher before trade data as traders increased margin bets for the first time since last month and more companies prepared to resume trading. The benchmark index climbed 1.1 percent to 3,918.99 at 9:27 a.m. Futures on the CSI 300 Index expiring in July, the most active contract, gained 0.1 percent. The Shanghai index climbed 4.5 percent to 3,877.80 on Friday, capping a 5.2 percent gain last...

Asian Stocks Advance as Investors Weigh Progress in Greece Talks

Asian stocks rose, with the regional index on course for a third day of gains, as investors weighed negotiations between European leaders and Greece. The MSCI Asia Pacific Index added 0.4 percent to 141.63 as of 9:10 a.m. in Tokyo after dropping 3.7 percent last week. E-mini futures on the Standard & Poor’s 500 Index retreated 0.5 percent, while Japan Topix index added 1.1 percent as the yen pared earlier gains. Euro-area leaders...