Asian shares mixed, oil rebounds as US stocks fall on Hormuz uncertainty

Asian shares were mixed Friday after Wall Street retreated modestly, while oil prices rose over 1% on ongoing Strait of Hormuz uncertainty. Tokyo's Nikkei lost 0.3%, South Korea's Kospi fell 0.8%, and Taiwan's Taiex dropped 0.4%, while Shanghai gained 0.8% on strong export data. Brent crude rose 1.6% to $83.78 as Strait of Hormuz reopening remained unclear. Strong corporate earnings helped ease concerns about overvalued AI stocks, though worries persist. The U.S. July jobs report is due Friday. Honeywell fell sharply, while SpaceX shares became eligible for sale.