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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia

A digital board shows fuel prices at a petrol station in Hattingen, Germany.
A petrol station digital board shows fuel prices in Hattingen, Germany. Photograph: Christopher Neundorf/EPA

Stock markets have rebounded in Asia after days of heavy losses driven by the war in the Middle East, but oil and gas prices have continued to climb amid disruption to supplies.

South Korea’s KOSPI, which posted its biggest ever fall on Tuesday of 12%, rose by almost 10% on Thursday, while Japan’s Nikkei climbed by 1.9%. MSCI’s Asia-Pacific index excluding Japan jumped by 2.7%.

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