Stocks in Asia Pacific were subdued in Monday morning trade as oil prices surged following drone attacks over the weekend that hit major oil production facilities in Saudi Arabia.
China industrial production data for August, expected to be released at 10:00 a.m. HK/SIN, will be watched for clues of the impact of the ongoing trade war between Beijing and Washington. Industrial output growth saw an expected drop to a more than 17-year low in July.
Crude prices surge, oil stocks spike.
Crude prices spiked in the morning of Asian trading hours after drone strikes on crucial production facilities in Saudi Arabia.
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