Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes
Iran war’s big winners: Wall Street, weapons firms, AI and green energy
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Asian stocks declined on Friday, April 17, 2026, despite Wall Street's record high, as investors awaited further developments in U.S.-Iran talks and the potential extension of the Iran war ceasefire. The Nikkei 225, Kospi, Hang Seng, Shanghai Composite, and S&P/ASX 200 all experienced losses. Oil prices also fell, with Brent crude dropping 1.1% to $98.31 per barrel and U.S. crude down 1.4% to $89.90 a barrel, following a surge since the war's beginning. Optimism surrounding a possible ceasefire extension grew after President Trump indicated openness to it and Iran expressed cautious optimism. The International Energy Agency warned of potential jet fuel shortages in Europe due to the ongoing conflict and the closure of the Strait of Hormuz.
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AI-ExtractedWall Street set another record with the benchmark S&P 500 closing 0.3% higher at 7,041.28.
Brent crude was 1.1% lower at $98.31 per barrel.
U.S. President Donald Trump suggested Thursday that he’s open to extending the two-week ceasefire in the Iran war.
Asian stocks were lower Friday even after Wall Street set another record.
Europe has “maybe six weeks or so” of jet fuel supplies remaining.
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