Shares in Hong Kong fell, and Japanese stocks recovered from slight losses to close higher. Oil prices rose on concerns about the military offensive in the region. Brent crude oil prices jumped as high as $56.08 a barrel, and recently traded at $55.61, up 1.3% on the day. Gordon Kwan, head of Asia oil and gas research at Nomura, said oil prices “could spike due to potential short-squeezes from geopolitical risks.”Still, safe-haven assets remain in favor. Photo: ReutersThe U.S. strikes on Syria came as Mr. Trump was hosting Chinese President Xi Jinping at his resort in Florida.

Source: Wall Street Journal April 07, 2017 02:37 UTC