Asian Stock Futures Set to Fall Tuesday as Oil Surge Fuels Strait of Hormuz Concerns

Asian equity-index futures in Australia, South Korea, and Hong Kong are set to fall Tuesday, May 5, as surging oil prices weigh on US equities and bonds. Escalating tensions around the Strait of Hormuz have raised concerns about elevated energy costs. Japan’s futures signaled a modest gain, while US stock futures remained steady in early trading.

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