Neutral impactStocks
Nikkei trades higher as crude prices remain above $102 mark; KOSPI shut
CNBC-TV18 1 hr ago·24 Sept 2026, 1:08 am
Asian equity markets are trading higher this morning, led by Japan's Nikkei 225, as crude oil prices remain elevated above the $102 per barrel mark. This price stability is helping to offset some investor anxiety following yesterday's losses on Wall Street. South Korea's KOSPI is closed for the Chuseok holiday, while India's GIFT Nifty is indicating a potential gap-down opening, suggesting some caution remains among investors ahead of the domestic session.
For investors, the rally in Asian markets suggests a degree of resilience in global sentiment despite recent volatility in US indices. The sustained price of crude oil is a key factor to monitor, as it impacts the profitability of energy companies and the cost of living globally. Traders should watch for any further signs of weakness or strength in US markets overnight, which could influence the opening of Indian indices tomorrow.
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