Asian stocks were mixed on 12 October, while oil prices fell after President Trump's announcement of an energy ceasefire between Russia and Ukraine. Attacks related to Saudi Arabia partly offset the market decline.
Asian stock markets were generally mixed, while oil prices fell following President Trump's announcement of a ceasefire. Meanwhile, the latest attacks on Saudi Arabia provided some support to the market.
The MSCI Asia Pacific Index excluding Japan fell 0.5%. South Korea's market recorded a sharp decline for the third consecutive day, weighed down by selling in technology stocks. The KOSPI closed down 3.65% at 6,384.24 points, while the Shanghai Composite fell 0.43% to 3,797.24 points. Hong Kong, meanwhile, rose 0.2%.
Japan's market was closed for a public holiday. Together with the U.S. market closure, this resulted in subdued trading ahead of earnings season.
In Vietnam, the VN Index fell 0.81% to 1,720.98 points, while the HNX Index rose 1.18% to 264.69 points. Attention is expected to focus going forward on the Federal Reserve's policy decision and earnings announcements from major banks.