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The
futures for the S&P 500 and Dow Jones Industrial Average slipped
0.3%.
The U.S. dollar rose to 162.65 Japanese yen from 162.55 yen,
hitting a 40-year high as traders remained wary over risks of an
intervention in the market by Tokyo.
The euro cost $1.1403, down from $1.1426.
Japan's benchmark Nikkei 225 added 0.6% to finish at 70,474.96.
Australia's S&P/ASX 200 lost 0.6% to 8,722.90. South Korea's
Kospi dropped 2.0% to 8,303.41. The Shanghai Composite edged up
0.4% to 4,112.45. Trading was closed in Hong Kong.
Crude oil prices drifted as two U.S. envoys arrived in Qatar for
talks with mediators about the implementation of the deal with
Iran. The Americans will not be having direct negotiations with
Iranian diplomats while in Doha.
“While oil markets are currently priced for a gradual return to
supply normalization, traffic through the Strait of Hormuz has
yet to recover to pre-war levels,” said Tim Waterer, chief
market analyst at KCM Trade.
Benchmark U.S. crude lost 70 cents to $68.80 a barrel. Brent
crude, the international standard, fell 63 cents to $72.32 a
barrel.
On Tuesday, the S&P 500 gained 0.8%, though it still recorded
its first losing month following two fabulous ones. The Dow
added 0.3%, to its record, and the Nasdaq composite climbed
1.5%.
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