Asia's rally crumbles as Gulf woes mount; Oil jumps, gold falls on inflation fears
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Asia's rally crumbles as Gulf woes mount; Oil jumps, gold falls on inflation fears
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Market news for April 23, 2026: Asia’s rally collapsed as Gulf shipping woes spiked oil prices, fuelling inflation fears and driving safe-haven flow into the dollar, while gold fell.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Howie Lim (howielim@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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