Asia stocks mixed after Wall St falls, US bans Russian oil

European stocks and Wall Street futures are higher as investors watch diplomatic efforts to end Russia’s attack on Ukraine

BEIJING -- European stocks and Wall Street futures rebounded Wednesday as investors watched diplomatic efforts to end Russia's attack on Ukraine, while Asian markets sank after Chinese inflation accelerated.

Already high oil prices added more than $1 per barrel following President Joe Biden's ban on imports of Russian crude.

London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong declined amid enduring unease about the war's global impact.

Futures for Wall Street's S&P 500 index and Dow Jones Industrial Average were up 1% after the market slid Tuesday.