Asian shares were trading mixed Monday after a cooldown in oil prices last week helped US stocks close out their first winning week in the last three.
Japan’s benchmark Nikkei 225 was little changed, inching down less than 0.1% to 66,333.53.
Australia’s S&P/ASX 200 added 0.3% to 8,688.60. South Korea’s Kospi dipped 2.3% to 6,916.30. Hong Kong’s Hang Seng rose 0.7% to 24,684.09, while the Shanghai Composite lost 1.7% to 3,820.82.
In energy trading, benchmark US crude gained 1% to $93.33 a barrel. Brent crude, the international standard, rose 1.8% to $106.19 a barrel.
Last week, Brent oil had momentarily dropped to $97-levels. The price is volatile because of uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East, including access to the Strait of Hormuz.
On Wall Street, the S&P 500 added 0.5% to break a three-day losing streak marked by big swings due to rising yields in the bond market. The Dow Jones Industrial Average added 478 …
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