Stocks rose in Asia amid fragile sentiment as investors weighed the impact of Covid infections in China and parsed comments from Federal Reserve officials on interest rate hikes.
Oil steadied near $80 per barrel following a volatile session Monday after Saudi Arabia denied a report that it was discussing an oil-production increase for the OPEC+ meeting next month. Gold was flat. Bitcoin rose 1.8% to $15,909.33
India’s benchmark indices ended the week’s first session in the red, falling the most in 11 days as IT, utilities, power and realty stocks weighed down the market.
The rupee depreciated further against the U.S. dollar as the greenback got stronger in the overseas market.
At 8 a.m., the Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — rose 0.28% to 18,255.5.