Oil prices extended gains Monday as rising US-Iran tensions fuelled supply concerns, while Asian equities also edged up ahead of a crunch meeting between Donald Trump and Xi Jinping this week. Hong Kong was up 0.1 percent in the afternoon, while Shanghai ended up 0.2 percent and Tokyo was 0.1 percent higher. There were also gains in Seoul, Sydney, Wellington, Manila and Bangkok, though Singapore, Taipei, Mumbai and Jakarta were in the red. In early trade London and Paris each rose 0.1 percent while Frankfurt dipped 0.3 percent. The greenback slipped against its major peers and most high-yielding units, with the Australian dollar and South Korean won 0.4 percent higher.

Source: Punch June 24, 2019 07:41 UTC