Equities in Asia were mixed and oil prices once again climbed towards $110 a barrel after the US downplayed the likelihood of a diplomatic settlement to end the war in Ukraine and investors weighed the impact of tighter US monetary policy.
Japan’s benchmark Topix edged up 0.1 per cent, Australia’s S&P/ASX 200 rose 0.3 per cent and South Korea’s Kospi was flat on Friday.
The muted moves for Asia-Pacific equities suggested upward momentum was fading after a solid close on Wall Street, where the S&P 500 ended Thursday’s session up 1.2 per cent at the highest level in a month and the tech-focused Nasdaq Composite gained 1.3 per cent.
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