HONG KONG: Stocks mostly rose on Wednesday (Sep 30) following a plunge in oil prices the previous day, while investors prepared for the release of crucial US inflation data later in the day.
Both main crude contracts tumbled on Tuesday on lingering hopes for an eventual deal to end the US-Iran war that will reopen the Strait of Hormuz, even though talks remain at a standstill and both sides have provided mixed messaging.
News that Saudi Arabia had restored about half the capacity of its East-West pipeline – after it was closed this month following drone attacks – also provided a healthy boost, while the Trump administration also ordered the...
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