Trade Any Oil Shock on Stocks at Open Then Steer Clear, UBS Says

Investors seeking to buy or sell Asian stocks following any spike in oil prices should aim to execute orders in the first few minutes of the trading day and then steer clear, according to UBS AG.

That’s the finding of a study into how six regional equity markets performed in the first week of March as the outbreak of the Iran war reverberated across financial assets. Turnover was concentrated at the start of trading, after which execution quality deteriorated, based on the analysis by the bank’s electronic trading desk.