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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Oil Extends Rally After Iran Attack, Hong Kong Soars Again

Iran Hong Kong Oil Israel Shigeru Ishiba Stephen Innes Missile Tehran China Middle East
Oil prices are being supported by worries about the Middle East crisis, though the gains have been tempered by healthy output from key producers. (Credit: AFP)

Oil prices extended a rally Wednesday after Iran's missile attack on Israel fanned fears of a Middle East-wide conflict, while the Hong Kong market ploughed on with its China-fuelled surge as developers saw eye-watering gains.

News of the launches rattled US and European traders and sparked a sell-off on most markets, though Asia fared slightly better, with Hong Kong jumping more than six percent as it reopened after a one-day break.

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