Oil Surge Reshapes Outlook for Asian Stocks, Currencies

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the spectre of prolonged high prices exposes the vulnerability of energy-dependent countries, the South China Morning Post reported.

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies.

Read the full report: South China Morning Post

Transport, Logistics Feel the Heat As Oil Prices Spike – ST

Indian Rupee Hits a Record Low as Oil Prices Surge

China’s Yuan Hits All-Time High, Investors See More Easing

Tags: Asian Stocks

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.