Image: CNBCTV18Asian stocks edge higher; Kospi, Topix rise even as oil jumps on Hormuz stalemate - CNBC TV18
• Asian equities edged higher on Friday, August 7, with South Korea's Kospi and Japan's Topix leading the gains. • Oil prices jumped over 1% due to ongoing uncertainty and a stalemate regarding a lasting settlement in the Strait of Hormuz. • The surge in oil prices has increased Treasury yields and heightened investor concerns regarding potential Federal Reserve interest rate decisions.
cnbctv18.com


