Asian Markets Split as Brent Crude Retreats From Recent Gains
Tokyo and Shanghai fell while Hong Kong and Australia rose, as Brent crude slipped and U.S. futures edged higher Friday.
Key takeaways
- The Nikkei 225 fell 0.8%, while Hong Kong's Hang Seng gained 1.1%.
- Brent crude was down 1% at $103.28 a barrel early Friday.
Asian shares were mixed in holiday-thinned trading Friday, while oil prices fell back from recent gains. Tokyo's Nikkei 225 lost 0.8% to 68,512.30, and the Shanghai Composite fell 1.4% to 3,758.47. Hong Kong's Hang Seng rose 1.1%, while Australia's S&P/ASX 200 added 0.6%.
Brent crude was down 1% at $103.28 a barrel early Friday. U.S. benchmark crude fell 0.9% to $90.23, and U.S. futures edged higher.
The moves followed a mixed session on Wall Street, where the S&P 500 fell 0.5% and the Nasdaq composite lost 1.3% on Thursday. The Dow Jones Industrial Average added 0.1%. Technology shares came under pressure, with Nvidia down 2.9%, Broadcom losing 4.3% and Micron Technology falling 4.8%.
This article was produced with the help of AI technology. Source: Yahoo Finance
