Asian shares mixed as oil prices climb

independent.co.uk —

Asian shares traded mixed Monday as oil prices rose, with Japan's Nikkei nearly flat, Australia's index up 0.3%, and South Korea's Kospi falling 2.3%, while U.S. stocks had closed their first winning week in three. U.S. crude gained 1% to $93.33 a barrel and Brent rose 1.8% to $106.19, after last week's cooldown helped Wall Street recover from a three-day losing streak driven by bond market volatility. The 10-year Treasury yield, which spiked near 5.22% on inflation fears, eased to 5.15% as oil prices pulled lower, supporting stocks, though high yields remain a concern for borrowing costs and investment prices.


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