Asian shares mixed as oil prices rebound

Asian shares traded mixed Monday as oil prices rebounded, following a U.S. stock market rally last week driven by a cooldown in crude prices. Japan's Nikkei 225 was nearly flat, while Australia's S&P/ASX 200 rose 0.3% and Hong Kong's Hang Seng gained 0.7%. South Korea's Kospi fell 2.3% and Shanghai's Composite lost 1.7%. U.S. crude rose 1% to $93.33 a barrel, with Brent up 1.8% to $106.19. Oil remains volatile due to uncertainty over the Iran war's impact on Middle East shipping. Last week, the S&P 500 rose 0.5% to break a three-day losing streak, aided by easing bond yields. The 10-year Treasury yield, which spiked near 5.22%, fell back to 5.15% as oil prices pulled lower.