Asia shares are mixed following Wall Street's losses, as oil edges lower
ABC News
Asia shares are mixed following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024
HONG KONG -- Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024.
U.S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran and Lebanon. The future for the S&P 500 gained 0.2% while that for the Dow Jones Industrial Average was up 0.3%.
In Asian trading, South Korea’s Kospi slipped 0.8% to 5,536.40, after a roller coaster week with a 12% loss on Wednesday followed by a nearly 10% rebound on Thursday. The index had shot above 6,000 in recent weeks before the war began to rattle financial markets.
Tokyo’s Nikkei 225 index gained 0.4% to 55,518.63.
Hong Kong’s Hang Seng jumped 1.6% to 25,713.49, while the Shanghai Composite index edged 0.1% higher, to 4,113.70.
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