Asian markets rose on Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.
The new raids on the Iran-backed rebels came after they threatened further attacks on Red Sea shipping in response to similar moves by Western forces on Friday.
The developments sent oil prices surging around four per cent Friday before the gains were pared as traders eyed a pick-up in non-Opec production and signs of a slowing global economy. Both main contracts fluctuated on Monday.
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