<div id="readability-page-1">Asian equity markets rose on Monday despite US-Iran tensions, including the US seizing an Iranian-flagged cargo vessel and Iran reasserting control over the Strait of Hormuz. The instability raises global growth and inflation risks for oil-importing Asian economies. In China, the People’s Bank of China maintained its benchmark loan prime rates unch...</div>

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<p>Asian equity markets rose on Monday despite tensions between the US and Iran, which included the US seizing an Iranian-flagged vessel. This instability poses risks to global growth and inflation for oil-importing Asian economies. Meanwhile, the People's Bank of China kept its benchmark loan prime rates steady.</p>

- Asian equity markets experienced an increase on Monday amidst rising tensions between the US and Iran.  
- The US seized an Iranian-flagged cargo vessel, while Iran reaffirmed its dominance over the Strait of Hormuz, introducing instability that poses risks to global growth and inflation for oil-importing Asian economies.  
- In China, the People's Bank of China chose to keep its benchmark loan prime rates unchanged.

Asian markets gain despite weekend flare-up in US.-Iran tensions; China keeps LPR steady