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Asian markets mixed as oil drops on Hormuz hopes, Nvidia results awaited

boursorama.com (French) — August 26, 2026 at 03:01 AM UTC

Asian stock markets were mixed Wednesday as oil prices fell on hopes for a reopening of the Strait of Hormuz, while investors awaited Nvidia's earnings report. Brent crude dropped over 2% to $86.41 a barrel. Iran said it resumed negotiations with Oman over the strait's management amid pressure from President Donald Trump. Investors remained cautious before Nvidia's quarterly results, questioning the sustainability of the AI spending boom. The MSCI Asia-Pacific index rose 0.12%, while Japan's Nikkei fell 0.4%. Currency markets stayed calm as traders awaited US inflation data and the Jackson Hole symposium. Gold traded near $4,646 an ounce, close to a three-month high, while bitcoin rose 0.6% to $78,704.

With a significance score of 1.4, this news ranks in the top 38% of today's 33063 analyzed articles.

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[1.4]

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