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Asia Pacific stocks subdued; Brent oil spikes nearly 13% after Saudi attacks
Stocks in Asia Pacific were subdued in Monday morning trade as oil prices surged following drone attacks over the weekend that hit major oil production facilities in Saudi Arabia. Australia’s S&P/ASX 200 slipped 0.16% in early trade as majority of the sectors traded lower with the exception of the energy subindex, which soared more than 5% on the back of a surge in oil prices. Over in South Korea, the Kospi traded largely flat as shares of chipmaker SK Hynix plunged 3.75%. Overall, the MSCI Asia ex-Japan index traded largely unchanged. Markets in Japan are closed on Monday for a holiday. China industrial ... (full story)
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