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Nikkei 225, Kospi, Hang Seng Index

A screen shows the Nikkei 225 Stock Average at the Kabuto One building in Tokyo, Japan, on Monday, February 9, 2026. Japanese stocks rose to new record highs and bonds fell after Prime Minister Sanae Takaichi’s Liberal Democratic Party scored a landslide victory. Photographer: Kiyoshi Ota/Bloomberg via Getty Images

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Asia-Pacific markets will be largely lower on Monday as investors continue to monitor rising oil prices and the latest developments in the escalating US-Iran conflict.

US crude oil prices rose above $100 a barrel as the Trump administration focused on military strikes on Tehran’s Kharg Island, a strategically vital hub often referred to as Iran’s “oil lifeline.”

US crude oil At 18:15 GMT, it rose by 2.64% to $101.32 per barrel. Brent International benchmark prices increased by 2.94% to $106.17 per barrel.

President Donald Trump on Friday ordered an attack on Iranian military assets on Kharg Island and warned of more attacks on crude oil facilities located there. US Ambassador to the United Nations Mike Waltz repeated the warning on Sunday.

of Australia S&P/ASX 200 It was down 0.31% in early trading.

of japan Nikkei 225 The Chicago contract was poised to fall at 53,305 and the Osaka futures at 52,910 points, compared with the index’s previous close of 53,819.61.

However, Hong Kong Hang Seng index Compared to the index’s last close of 25,465.6, the futures contract would open higher at 25,481.

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Goldman Sachs estimates that the rise in energy prices resulting from the war in Iran could reduce global GDP by about 0.3% next year, while pushing headline inflation up by roughly 0.5% to 0.6%.

In a note published on Sunday, the bank stated that high natural gas prices are expected to lead to more inflationary pressure and negative growth, especially in Europe and Asia, and that risks will shift towards greater impacts if the Strait of Hormuz remains closed.

Stock futures rose slightly as Wall Street tried to recover from another losing week.

Dow Jones Industrial Average futures He added 153 points, or 0.3%. S&P 500 futures increased by 0.3% and Nasdaq-100 futures It gained 0.3 percent.

Last Friday, three major US averages fell. S&P 500 It lost 0.61% to close at 6,632.19, 5% below its recent high. Nasdaq Composite It ended at 22,105.36, down 0.93%. Dow Jones Industrial Average It settled at 46,558.47, down 119.38 points or 0.26%.

— CNBC’s Sean Conlon and Pia Singh contributed to the report.

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