Stock market today: Asian shares are mixed after Middle East tensions weigh on Wall St

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Business,Shigeru Ishiba

Asian shares are mixed after worsening tensions in the Middle East sent shares lower on Wall Street.

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FILE - People pass the New York Stock Exchange on Oct. 1, 2024, in New York. Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 4, 2024. The Bank of Japan has begun very gradually raising its benchmark rate from near zero. It now stands at around 0.25%. Expectations of rising rates had pushed the yen higher after the Liberal Democrats elected Ishiba to head the ruling party and thus serve as prime minister. But the yen has fallen back against the dollar in the past two days after officials sent clear signals that they did not favor further rate hikes at this time.

Benchmark U.S. crude added 5 cents to $73.76 a barrel. Brent crude, the international standard, gained 8 cents to $77.70 a barrel. On Thursday, Brent leaped 5% after starting the week below $72. It’s potentially on track for its biggest weekly percentage gain in nearly two years.

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