S2E550: Oil tumbles on Iran diplomacy hopes, Kospi soars on AI optimism
Market news for August 4, 2026: Asian shares climbed sharply today, following Wall Street’s record-breaking rally, with technology shares leading the gains. Oil prices tumbled more than 5%, its lowest in three weeks over easing concerns on global oil supplies. And, the Japanese yen strengthened slightly as traders remain alert for further intervention.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
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