Global Markets Jitter as Manufacturing Struggles and Oil Prices Rise

Asian markets exhibited mixed trends as Tokyo's Nikkei dropped nearly 2% due to weak factory data. Oil prices surged over $1 a barrel, while US futures also fell amid global economic uncertainties. The continued contraction in manufacturing activity in Japan and China highlights economic challenges despite a trade truce with the US.

Asian markets opened the week with mixed performances as Tokyo's Nikkei fell nearly 2% in response to disappointing factory activity data.

Oil prices experienced a significant rise, surging more than $1 a barrel as the global economic outlook remains uncertain.

Despite an extended trade truce between the US and China, manufacturing in Japan and China continues to contract, illustrating persistent economic challenges.