Most Asian markets fell in early trade Monday on dimming hopes for a deep interest rate cut by the Federal Reserve, but all the firms on a new tech-focused board in
China rallied on its opening day.
Oil prices extended last week's gains after
Iran seized a
British tanker in the Gulf, fuelling fresh concerns about supplies and a possible conflict in the tinderbox Middle East.
Traders took a step back after last week's gains as the
New York Federal Reserve tempered comments from its president John Williams who had suggested the central bank would cut borrowing costs by 50 basis points at its policy meeting this month.