Overview
- Global stocks swung Monday after President Donald Trump said he would pause a planned strike on Iran, sending oil from an early jump to a late pullback.
- Brent hovered near $112 a barrel and WTI settled around $108 before easing, with concern over the Strait of Hormuz keeping a premium on crude.
- U.S. markets closed mixed as the Dow rose 0.3% while the S&P 500 slipped 0.1% and the Nasdaq fell 0.5% in a drop led by technology shares.
- The 10-year Treasury yield touched about 4.63% and the average 30-year mortgage rate reached 6.68%, pushing up borrowing costs for companies and homebuyers.
- South Korea’s KOSPI dived more than 5% early to trigger a five-minute trading curb then rebounded on Samsung union wage mediation and a partial court injunction, though foreign investors kept selling.