Energy Markets
Asian stocks continue to rise as US stocks rebound, with chipmakers leading the way
Investors took their cues from a recovery in U.S. stock markets and shrugged off the 'climbing' oil prices, as Houthi rebels threaten to open a new front in the escalating Middle East conflict. South Korea's Kospi index jumped over 6%, while MSCI's broadest Asia-Pacific share index outside Japan gained 1.2%. Japan's Nikkei gained 1.9% while S&P500 e-minis futures were down 0.1%. Brent crude climbed 0.6% to $91.55 per barrel on Tuesday, after two oil tankers transporting Saudi crude from the Middle East to Asia reversed their course in?Red Sea after being threatened by Iran-aligned Houthis of Yemen. Analysts at Westpac...