Shares were mixed in Asia on Wednesday, echoing a rally on Wall Street as oil prices eased on hopes the United States and Iran may resume talks to end their war.
The price of Brent crude edged 0.2% lower but was still above $98 a barrel. US benchmark crude fell 0.4% to $89.29 a barrel.
Lower oil prices help bring down costs for all kinds of businesses. President Donald Trump said he was extending the ceasefire with Iran at Pakistan’s request while awaiting a “unified proposal” from Tehran. The US military was keeping its blockade of Iranian ports
Japan’s Nikkei 225 gained 0.5% to 59,653.56 and the Kospi in South Korea edged 0.2% lower to 6,374.46.
Australia’s S&P/ASX 200 fell 0.9% to 8,866.20.
Hong Kong’s Hang Seng shed 1.3% to 26,137.59, while the Shanghai Composite gained 0.1% to 4,090.24.
In Taiwan, the Taiex was up 1.1%.
On Tuesday, US shares were lifted by signs that diplomats were working through back channels to arrange a new round of talks between the United States and .​Shares were mixed in Asia on Wednesday, echoing a rally on Wall Street as oil prices eased on hopes the United States and Iran may resume talks to end their war.
The price of Brent crude edged 0.2% lower but was still above $98 a barrel. US benchmark crude fell 0.4% to $89.29 a barrel.
Lower oil prices help bring down costs for all kinds of businesses. President Donald Trump said he was extending the ceasefire with Iran at Pakistan’s request while awaiting a “unified proposal” from Tehran. The US military was keeping its blockade of Iranian ports
Japan’s Nikkei 225 gained 0.5% to 59,653.56 and the Kospi in South Korea edged 0.2% lower to 6,374.46.
Australia’s S&P/ASX 200 fell 0.9% to 8,866.20.
Hong Kong’s Hang Seng shed 1.3% to 26,137.59, while the Shanghai Composite gained 0.1% to 4,090.24.
In Taiwan, the Taiex was up 1.1%.
On Tuesday, US shares were lifted by signs that diplomats were working through back channels to arrange a new round of talks between the United States and . ​Latest News [ SOBAN NEWS: International and National ]
