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Here’s How Oil’s Historic Surge Is Impacting Asia Stock Markets

  • Stocks in India, South Korea have seen strong equity outflows
  • Net commodity exporters like Australia emerge as beneficiaries
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Oil Could Easily Top $150, Energy Aspects' Sen Says

The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries.

Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days, spurring weakness in their currencies.