Shares, bonds bounce as oil skid offers inflation relief

HONG KONG : Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices sharply lower, easing inflation risks and boosting bonds ahead of a packed week of central bank meetings and corporate earnings. Iran said on Sunday it would halt its own attacks as long as the United States did the same, with the US military reportedly concerned about dwindling supplies of ammunition.

Yet, Yemen’s Iran-aligned Houthis had still attacked Saudi oil installations along the Red Sea coast, threatening another waterway vital to the global oil trade.

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