Asia stocks firm, oil hits 5-month peak on Iran sanctions report

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Asia stocks firm, oil hits 5-month peak on Iran sanctions report
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Asian shares were steady on Monday as investors took stock of recent data sugges...

TOKYO - Asian shares were steady on Monday as investors took stock of recent data suggesting global growth may be stabilizing, while oil prices spiked on a report the U.S. is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

The index was within reach of a nine-month peak scaled on Thursday after Chinese economic data beat expectations and eased concerns about the health of the world economy. In currencies, the dollar index against a basket of six major currencies was a touch lower at 97.377 . The Canadian dollar, on the other hand, added 0.25 percent to C$1.3363 thanks to a bounce in crude oil prices.

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