Asia shares are mixed following Wall Street’s losses, as oil edges lower

Asia shares are mixed following Wall Street’s losses, as oil edges lower 1 of 5 | A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) 2 of 5 | Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) 3 of 5 | Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) 4 of 5 | Screens display financial news on the floor at the New York Stock Exchange in New York, Thursday, March 5, 2026. (AP Photo/Seth Wenig) 5 of 5 | Ryan Falvey works on the floor at the New York Stock Exchange in New York, Thursday, March 5, 2026. (AP Photo/Seth Wenig) 1 of 5 A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 2 of 5 Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 3 of 5 Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, March 6, 2026. (AP Photo/Ahn Young-joon) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 4 of 5 Screens display financial news on the floor at the New York Stock Exchange in New York, Thursday, March 5, 2026. (AP Photo/Seth Wenig) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. 5 of 5 Ryan Falvey works on the floor at the New York Stock Exchange in New York, Thursday, March 5, 2026. (AP Photo/Seth Wenig) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] HONG KONG (AP) — 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 edged up less than 0.1% to 5,584.87, after a roller coaster week with a record 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 0.6% to 55,620.84.Hong Kong’s Hang Seng jumped 1.6% to 25,732.75, while the Shanghai Composite index was up 0.4%, to 4,124.19. Australia’s S&P/ASX 200 declined 1% to 8,851.00.Taiwan’s Taiex declined 0.2% and India’s Sensex lost 0.8%.Oil prices fell Friday in a mild reprieve from this week’s surges as production and supply worries over the war with Iran intensified. Benchmark U.S. crude lost 0.8% early Friday to $80.38 per barrel, after hitting $81.01 a barrel on Thursday. Brent crude, the international standard, was shed 0.6% to $84.79 per barrel, after reaching $85.41 a day earlier. If oil prices spike further, perhaps to $100 per barrel, and stay there, some analysts and investors say it will hurt global economic growth. Uncertainty over what will happen with the war has caused frenetic swings across financial markets this week, sometimes hour by hour. Friday’s easing of crude prices followed a 30-day temporary waiver from the U.S. for Indian refiners to buy Russian oil, analysts at ING Warren Patterson and Ewa Manthey said in a note. It’s not a “game-changer,” they said, but reflects U.S efforts to cap oil prices. Oil prices will hinge on a steady resumption of oil flows through the Strait of Hormuz following disruptions of tanker activities there, ING analysts wrote. Roughly one fifth of the world’s seaborne oil is estimated to flow through the waterway located between Iran and Oman.On Thursday, the S&P 500 fell 0.6% to 6,830.71. The Dow industrials lost 1.6% to 47,954.74, and the Nasdaq composite dropped 0.3% to 22,748.99.Computer chip company Broadcom’s shares jumped 4.8% on stronger-than-expected quarterly profit and revenue, which helped contain the overall losses on Wall Street.Airline stocks were among the U.S. market’s biggest losers, as higher oil prices pushed up fuel costs while hundreds of thousands of passengers have been stranded across the Middle East due to the war.American Airlines fell 5.4%, United Airlines lost 5% and Delta Air Lines was down 3.9%.In other dealings early Friday, the U.S. dollar rose to 157.63 Japanese yen from 157.56 yen. The euro was unchanged at $1.1611.The price of gold rose 0.9% and the price of silver climbed 3%. Chan covers China business, economy and finance for The Associated Press, reporting on key sectors from technology to trade. He is based in Hong Kong.