Asia stocks firm, crude hits 5-month high on Iran sanctions report

MSCI’s broadest index of Asia-Pacific shares outside Japan trading little changed. South Korea’s KOSPI was almost flat and Japan’s Nikkei shed 0.2 percent.

AsianStocks were steady on Monday as investors awaited the return of major financial markets from the Good Friday holiday, while oil prices spiked on a report the US is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

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