Jefferies Adjusts Luxshare Precision Industry's Price Target to 80 Yuan from 75 Yuan, Keeps at Buy

Nomura Adjusts Midi Utama Indonesia's Price Target to IDR530 From IDR630, Keeps at Buy

Nomura Adjusts Ecopro BM's Price Target to KRW280,000 From KRW270,000, Keeps at Buy

Crude Oil Prices Surge Amid Concerns About Escalation in U.S.-Iran War

Crude oil prices rose on Thursday, hitting a four-year high, amid concerns that hostilities in the Middle East may start up again and prolong the supply disruptions in the region.Brent crude at last look jumped 2.9% to US$121.48/barrel and West Texas Intermediate crude climbed 1.5% to $108.51/barrel. This comes after Axios, citing unidentified sources, reported that U.S. President Donald Trump is set to receive a briefing on plans for a series of military strikes on Iran to push for a return to negotiations on its nuclear program, Reuters said in a Thursday report.Additionally, Trump spoke with oil companies about how to mitigate the impact of a possible months-long U.S. blockade, Reuters reported, citing a White House official.Continued price hikes risk a renewed spike in global inflation and higher fuel prices, the report said. "For those who do not think Brent prices have the potential to reach $150 a barrel, you ought to look away now," Reuters quoted John Evans of oil broker PVM as saying."Prospects for any near-term resolution to the Iran conflict or a reopening of the Strait of Hormuz remain dim," IG market analyst Tony Sycamore was quoted as saying in a note.