hong kong — Asian stocks were mixed on Friday after a slight decline on Wall Street, while the price of oil fell more than a dollar after reaching its highest level since the summer of 2024.
US futures rose with It entered the war with Iran Its seventh day, with Israeli air strikes that bombed the capitals of Iran and Lebanon. The future for S&The P 500 rose 0.2% while the Dow Jones Industrial Average rose 0.3%.
In Asian trading, South Korea’s Kospi fell 0.8% to 5,536.40, after a volatile week with a 12% loss on Wednesday followed by a nearly 10% rebound on Thursday. The index had risen above 6,000 points in recent weeks before the war began to shake the financial markets.
The Nikkei 225 index in Tokyo rose 0.4% to 55,518.63 points.
Hong Kong’s Hang Seng Index jumped 1.6% to 25,713.49, while the Shanghai Composite Index rose 0.1% to 4,113.70.
Australia S&The P/ASX 200 index fell 1.1% to 8,845.30.
Taiwan’s Taiex fell 0.4%, while India’s Sensex lost 0.6%.
Oil prices Friday fell into a reprieve this week Storms With growing production and supply concerns over war with Iran. Benchmark US crude lost 1.2% early Friday to $80.07 a barrel, after reaching $81.01 a barrel on Thursday.
Brent crude, the international standard, lost 1% to $84.59 a barrel, after reaching $85.41 the day before.
If oil prices rise further, such as $100 a barrel, and stay at that level, some analysts and investors say it could be difficult for the global economy to bear. It may cause uncertainty about what will happen feverish Swings across Financial markets This week, sometimes Hour by hour.
Friday’s decline in crude oil prices came after a temporary 30-day exemption from the US for Indian refiners to buy Russian oil, ING analysts Warren Patterson and Ewa Manthey said in a note. They said this would not change the rules of the game, but it reflects US efforts to limit oil prices.
Oil prices will depend on the continued resumption of oil flows through Strait of Hormuz ING analysts wrote after tanker activities there were disrupted. It is estimated that nearly a fifth of the world’s seaborne oil flows through the waterway between Iran and Oman.
On Thursday, S&The P 500 fell 0.6% to 6,830.71. The Dow Jones Industrial Average lost 1.6% to 47,954.74 points, and the Nasdaq Composite Index fell 0.3% to 22,748.99 points.
Shares of computer chip company Broadcom jumped 4.8% on stronger-than-expected quarterly earnings and revenue, which helped contain overall losses on Wall Street.
Airlines stocks were among the biggest losers in the US market, as rising oil prices led to higher fuel costs while hundreds of thousands of flights were disrupted. Passengers They are stranded all over the Middle East due to the war.
American Airlines shares fell 5.4%, United Airlines shares lost 5%, and Delta Air Lines shares fell 3.9%.
In other trading early Friday, the US dollar rose to 157.80 Japanese yen from 157.56 yen. The euro remained unchanged at $1.1611.
The price of gold rose by 1.1% and the price of silver by 2.7%.
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AP Business Writer Stan Choi contributed.