Asia Stocks Slip From Record Highs as Oil Surges Above $100 and Nikkei Fails to Hold 60,000
Asian equities pulled back from all-time peaks on Thursday. Japan’s Nikkei, which briefly topped 60,000 for the first time, slipped as oil surged past $100 a barrel and traders assessed renewed turmoil in the Strait of Hormuz. Brent crude advanced roughly 1.4% to $103.3 per barrel. MSCI’s broad Asia-Pacific index, excluding Japan, shed 0.5% after reaching a new high.