Market news for April 9, 2026: Oil prices surged above $96 as Israel's attack on Lebanon cast doubt on the fragile Middle East ceasefire, reminding investors of lingering energy supply risks through the Strait of Hormuz. Asian shares slid, led by declines in South Korea and China, as the inflationary threat re-emerged.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

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Gulf truce crumbles: oil jumps past $96, Asia slides on renewed war risk

BT Market Focus

Gulf truce crumbles: oil jumps past $96, Asia slides on renewed war risk