{"id":437748,"date":"2026-09-09T11:00:08","date_gmt":"2026-09-09T04:00:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-war-escalation-supports-oil-437748\/"},"modified":"2026-09-09T11:00:08","modified_gmt":"2026-09-09T04:00:08","slug":"investinglive-asia-pacific-market-news-war-escalation-supports-oil","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-war-escalation-supports-oil-437748\/","title":{"rendered":"investingLive Asia-Pacific market news: War escalation supports oil"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-inflation-rebounds-on-energy-costs-but-the-demand-story-hasn-t-changed-recap\" rel=\"follow\">China inflation rebounds on energy costs, but the demand story hasn&#8217;t changed &#8211; recap<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/kospi-tops-7-000-on-ai-optimism-even-as-middle-east-risk-weighs\" rel=\"follow\">KOSPI tops 7,000 on AI optimism even as Middle East risk weighs<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/iran-claims-strikes-on-us-destroyers-tankers-crossing-hormuz\" rel=\"follow\">Iran claims strikes on US destroyers, tankers crossing Hormuz<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/central-bank-buying-keeps-ubs-bullish-on-gold-s-long-game\" rel=\"follow\">Central bank buying keeps UBS bullish on gold&#8217;s long game<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-s-iran-war-paradox-why-bullion-keeps-stumbling-as-the-conflict-widens\" rel=\"follow\">Gold&#8217;s Iran-war paradox: why bullion keeps stumbling as the conflict widens<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-august-cpi-y-y-expected-0-8-prior-0-5\" rel=\"follow\">China August CPI 0.8% y\/y (expected 0.8%, prior 0.5%)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/pboc-sets-usd-cny-mid-point-today-at-6-vs-estimate-at-6-7042\" rel=\"follow\">PBOC sets USD\/ CNY mid-point today at 6.7769 (vs. estimate at 6.7042)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/trump-bans-canadian-autos-dairy-and-alcohol-in-trade-war-escalation\" rel=\"follow\">Trump  bans Canadian autos, dairy and alcohol in trade war escalation<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/education\/why-a-gulf-oil-shock-moves-brent-harder-than-wti-and-what-that-reveals\" rel=\"follow\">Why a Gulf oil shock moves Brent harder than WTI, and what that reveals<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/dorsey-s-block-applies-for-federal-bank-charter-to-custody-bitcoin-and-stablecoins\" rel=\"follow\">Dorsey&#8217;s Block applies for federal bank charter to custody bitcoin and stablecoins<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/rba-weighing-further-rate-rise-this-month-as-dep-gov-hauser-cites-three-headed-risk\" rel=\"follow\">RBA weighing further rate rise this month as Dep gov Hauser cites three-headed risk<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-factory-mood-hits-near-5-year-high-as-chip-demand-lifts-reuters-tankan\" rel=\"follow\">Japan factory mood hits near 5-year high as chip demand lifts Reuters Tankan<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/us-and-iran-continue-to-trade-strikes-tehran-hits-us-bases-in-jordan\" rel=\"follow\">US and Iran continue to trade strikes. Tehran hits US bases in Jordan.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/bitcoin-isn-t-a-weekend-hedge-it-s-just-the-only-market-still-open\" rel=\"follow\">Bitcoin isn&#8217;t a weekend hedge, it&#8217;s just the only market still open<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/investinglive-americas-fx-news-wrap-8-sept-usd-mixed-yields-rise-trader-await-inflation-data\" rel=\"follow\">investingLive Americas FX news wrap 8 Sept: USD mixed, yields rise. Trader await inflation data.<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>CENTCOM says US forces destroyed five Iranian crude oil tankers in response to an IRGC ballistic missile attack on a US aircraft carrier, up from three tankers struck on September 5<\/li>\n<li>Secretary of State Marco Rubio said Iran will continue losing tankers for every attempt to strike US naval vessels<\/li>\n<li>Iran fired a ballistic missile attack on a US base near Al Azraq in Jordan; Jordan says its air defences intercepted 18 of 20 missiles, with two landing in unpopulated areas and no casualties reported<\/li>\n<li>Iran claimed\u00a0it struck two US Navy destroyers and 18 vessels attempting to cross the Strait of Hormuz, these claims remian unconfirmed<\/li>\n<li>The US banned a range of Canadian alcoholic beverages, motorcycles and dairy products from import, effective September 29, after Canada&#8217;s retaliatory tariffs took effect<\/li>\n<li>USD\/CAD and broader FX markets are quiet, with traders citing the upcoming US CPI release as the near-term focus<\/li>\n<li>Asia-Pacific equities opened mostly higher despite a weak Wall Street lead, where indices fell on returning from the long weekend amid rising oil prices and the geopolitical escalation; South Korea&#8217;s KOSPI led gains, up 2% on AI and chip stock optimism<\/li>\n<li>China&#8217;s August CPI rose 0.8% y\/y and PPI rose 3.8% y\/y, both above forecasts and July&#8217;s readings, with the NBS citing rising energy prices, even as economists caution the rebound doesn&#8217;t reflect a genuine recovery in domestic demand<\/li>\n<\/ul>\n<p dir=\"ltr\">\n<p dir=\"ltr\">The US Central Command said American forces destroyed five Iranian crude oil tankers overnigh in what officials described as a response to an Iranian ballistic missile attack on a US aircraft carrier. The strike marks an increase from the three tankers hit on September 5. Iran had responded to that earlier strike within a day with its largest single attack in the Strait of Hormuz since the conflict began, hitting six vessels, three of them oil tankers.<\/p>\n<p dir=\"ltr\">Secretary of State Marco Rubio, speaking to reporters during a visit to Colombia, said Iran would continue to lose tankers for as long as it kept attempting to strike US naval vessels.<\/p>\n<p dir=\"ltr\">Iran subsequently fired a ballistic missile attack on a US base  in Jordan, according to an IRGC statement carried on state media, which also published video it said showed the missiles being launched. Jordan said its air defences intercepted 18 of the 20 missiles fired, with the remaining two landing in unpopulated areas and no casualties reported, a lower toll than Iran&#8217;s own claim of heavy damage inflicted.<\/p>\n<p dir=\"ltr\">Separately, the trade dispute between Washington and Ottawa escalated further. The US banned a broad range of Canadian alcoholic beverages, motorcycles and dairy products from import, with the measures set to take effect on September 29. The bans, published on the White House&#8217;s website, followed Canada&#8217;s own retaliatory tariffs on US goods, which came into force after midnight on Tuesday. The currency reaction has been muted so far, with USD\/CAD little changed and broader FX markets generally quiet as traders look ahead to the upcoming US CPI release for the next significant catalyst.<\/p>\n<p dir=\"ltr\">Asia-Pacific equity markets largely shrugged off a weak lead from Wall Street, where all major US indices fell on their return from the long weekend, pressured by rising oil prices, specualtion of a Fed hike,\u00a0and the ongoing geopolitical escalation. South Korea&#8217;s KOSPI was the standout performer in the region, rising 2% on the back of AI optimism and strength in chip stocks.<\/p>\n<p dir=\"ltr\">On the data front, China&#8217;s August inflation figures beat expectations on both measures. CPI rose 0.8% year on year and PPI rose 3.8% year on year, both above forecasts and ahead of July&#8217;s readings, with the National Bureau of Statistics attributing the rebound to rising energy prices. Economists have cautioned that the improvement reflects cost-side pressure rather than a genuine turnaround in domestic demand, with China&#8217;s economy still working through a housing-led slowdown in consumer spending and confidence.<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>China inflation rebounds on energy costs, but the demand story hasn&#8217;t changed &#8211; recap KOSPI tops 7,000 on AI optimism even as Middle East risk weighs Iran claims strikes on US destroyers,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437748","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437748"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437748\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}