In the Asian mid-session, oil prices continued to rise, with WTI crude gaining 0.7% and reaching $73.08 per barrel, its highest level in nearly six months. This increase followed a sharp rally on Friday and was fueled by escalating tensions between Israel and Iran, which raised concerns about potential disruptions to oil supply in the Middle East. US President Trump’s warning of possible US involvement in the conflict further heightened geopolitical risks.

Despite these tensions, Asian equities showed resilience, aided by better-than-expected economic data from China. The country's House Price Index reported a slower annual decline in May at -3.5%, while retail sales increased by 6.4% year-on-year, surpassing expectations of 5.9%. As a result, the Hang Seng China Enterprises Index rose slightly by 0.2%, while Japan's Nikkei 225 gained 1.2%.

The US dollar's strength remained subdued amid worries over the growing US budget deficit and inconsistent trade policies from the current administration. The US Dollar Index remained flat after a modest gain earlier but faced resistance near its 20-day moving average at approximately 99.20.

Gold experienced profit-taking after three consecutive sessions of gains that totaled 3.4% last week; it slipped by 0.09% to $3,247 after hitting an intraday high close to its record of $3,500 set in April.

In technical analysis regarding Hong Kong’s stock market, there were signs of a potential bullish reversal for the Hong Kong 33 CFD Index following a recent decline of -1.80%. The index managed to recover partially with a rally of about 0.7%. Key technical indicators suggested that this corrective decline might have ended and pointed towards possible upward momentum if certain resistance levels are cleared.

Overall market dynamics reflected mixed signals influenced by geopolitical developments and economic indicators from major economies like China.

Original article

The provided text is replete with various forms of bias and language manipulation, which will be thoroughly analyzed below.

One of the most striking biases present in the text is its geopolitical and nationalistic bias. The author portrays escalating tensions between Israel and Iran as a significant factor contributing to the rise in oil prices, without providing any context or critique of these tensions. This framing assumes a Western-centric perspective, where Middle Eastern conflicts are inherently relevant to global economic dynamics. The inclusion of US President Trump's warning as a factor heightening geopolitical risks further reinforces this bias, implying that American involvement is a legitimate concern. This narrative overlooks the complexities of regional politics and the historical context of Israeli-Palestinian conflict, perpetuating a simplistic and biased view.

Furthermore, the text exhibits cultural and ideological bias through its emphasis on economic data from China as a positive development for Asian equities. The author highlights China's House Price Index and retail sales data as evidence of resilience in the face of global uncertainty, without acknowledging potential issues with these metrics or their limitations. This selective focus on Chinese economic indicators creates an overly optimistic narrative about Asia's economic prospects, reinforcing a pro-capitalist and neoliberal worldview.

The text also displays linguistic and semantic bias through its use of emotionally charged language. Phrases such as "sharp rally" and "escalating tensions" create a sense of urgency and drama around market fluctuations, which can influence readers' perceptions without providing objective analysis. Additionally, the author employs euphemisms like "resilience" to describe Asian equities' performance in response to global uncertainty, downplaying potential risks or vulnerabilities.

In terms of selection and omission bias, the text excludes any discussion of alternative perspectives on market dynamics or geopolitical developments. For instance, there is no mention of potential consequences for oil prices if tensions between Israel and Iran were to escalate further or if US involvement were to increase significantly. Similarly, no consideration is given to alternative economic indicators that might provide a more nuanced understanding of Asia's economic situation.

Structural and institutional bias are also evident in the text's failure to interrogate systems of authority or gatekeeping in markets or geopolitics. The author presents market fluctuations as natural events driven by supply-and-demand dynamics rather than examining how institutions like central banks or governments shape these dynamics through policy decisions.

Confirmation bias is apparent in the text's uncritical acceptance of certain assumptions about market behavior without questioning their validity. For example, when discussing gold prices experiencing profit-taking after three consecutive sessions of gains totaling 3.4%, there is no consideration given to alternative explanations for this phenomenon beyond profit-taking alone.

Framing and narrative bias are evident throughout the text through its ordering information that nudges readers toward specific interpretations. By placing discussions about oil prices immediately after mentioning escalating tensions between Israel and Iran at center stage while relegating other topics like gold price movements towards secondary importance it creates an implicit causal link between geopolitics & energy markets thus reinforcing an already existing assumption amongst readers that such conflicts have profound effects on commodity pricing & overall economy stability

Regarding sources cited (if any), none are explicitly mentioned; however based upon style tone & content one could reasonably infer reliance upon mainstream financial media outlets whose narratives often favor pro-business perspectives emphasizing short-term gains over long-term sustainability concerns

Lastly temporal bias manifests itself within this piece via presentism – focusing primarily upon current events rather than examining broader historical trends influencing contemporary situations