Business Standard
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 .
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