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The Nexus
BUSINESSMay 12 · 07:23 UTCAP NEWS

Asian shares trade mixed after Wall Street rally despite Iran war worries

Asian shares traded mixed as Wall Street rally optimism clashed with anxiety over surging oil prices and a possible AI bubble, with Japan's Nikkei 225 adding 0.6% and South Korea's Kospi dropping 2.7%. The US-Iran war continues to impact oil prices, with benchmark US crude rising to $99.64 a barrel. The global economy remains dependent on a few AI leaders, creating a fragile rally structure.

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