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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 Friday in Asia as worries over risks linked to massive investments in artificial intelligence and a potential US-Iran conflict weighed on major benchmarks. US futures edged higher, while oil prices resumed their ascent. Crude prices have been climbing as both the United States and Iran signal they are prepared for war if talks on Tehran's nuclear programme fizzle out. Tokyo's Nikkei 225 fell 1.2 per cent to 56,797.22 as shares in major banks and other financial institutions skidded on worries over the potential impact of weakening private credit companies that have lent to companies exposed to the risk that AI will steal away their businesses. That includes market heavyweights like Mitsubishi UFJ Financial Group, which has a partnership with Blue Owl Capital, one such private-credit company. MUFJ's shares dropped 2.6 per cent in Tokyo after Blue Owl lost 5.9 per cent on Thursday. Toyota Motor Corp. fell 3.9 per cent and Sony was down 3.3 per cent. In Hong Kong, t
Asian shares were mostly lower, and US futures also declined on Thursday as Wall Street's New Year's rally faded. Tokyo's Nikkei 225 dropped 1.6 per cent to 51,117.26, with technology stocks among those leading the decline. SoftBank, which focuses on tech investments, dropped 7.6 per cent, while semiconductor equipment maker Tokyo Electron dipped 4 per cent. Hong Kong's benchmark Hang Seng lost 1.2 per cent to 26,143.17, although shares of OpenAI's Chinese rival Zhipu rose as much as around 15 per cent above their offer price in the company's trading debut. The Shanghai Composite index fell nearly 0.1 per cent to 4,082.98. South Korea's Kospi, which reached record high levels this week, mostly flatlined on Thursday, adding less than 0.1 per cent to 4,552.37. In Australia, the S&P/ASX 200 added 0.3 per cent to 8,720.80, while Taiwan's Taiex slid more than 0.2 per cent. US stock futures fell, with the futures for the S&P 500 and the Dow Jones Industrial Average declining 0.3 per