Smoke rises in Beirut, Lebanon, on March 5, 2026, from an Israeli military attack targeting the southern suburbs.
Daniel Card | Getty Images
Asia-Pacific markets staged a late rebound on Friday after Wall Street fell on concerns over energy supplies.
Oil prices breached the $80/barrel milestone overnight, but fell back on Friday. Brent futures fell about 0.3% to $85.14. US West Texas Intermediate posted its biggest single-day gain since May 2020 on Thursday, ending 0.53% lower at $80.58.
There was also more uncertainty on the global trade front after New York Attorney General Letitia James and top prosecutors in 23 other states filed suit again seeking to block President Donald Trump’s global tariff regime.
This comes after the U.S. Court of International Trade ruled Thursday that companies are entitled to refunds on tariffs from President Trump’s mandate, which was reversed by the Supreme Court.
Korean Kospi After marking its best day since 2008 in the previous session, it reversed course to finish slightly higher at 5,584.87.
The small-cap Kosdaq widened its gains, rising 3.43% to 1,154.67. KOSDAQ 150 futures soared 6% in early trading, triggering a five-minute buy trading limit.
Defense giant LIG Nex1 rose more than 9% after South Korean media reported that South Korean air defense systems successfully intercepted an Iranian missile fired toward the United Arab Emirates.
Japanese Nikkei Stock Average TOPIX rose 0.62% to 55,620.84, also reversing the previous decline, and closed 0.39% higher at 3,716.93.
According to reports, SoftBank is seeking a record $40 billion loan to fund its OpenAI investment. shares of SoftBank Group Corp. It rose by 1.6%.
Australia’s S&P/ASX 200 index fell 1% to 8,851, dragged by basic materials stocks.
hong kong Hang Seng Index It rose 1.69% in the final hour of trading, extending gains from Thursday, while mainland China’s CSI300 index rose 0.27% to 4,660.44.
As of 1:55 pm local time (2:55 am ET), India’s Nifty 50 was down 0.67%, while the BSE Sensex was down 0.73%.
All three major U.S. indexes fell overnight, led by stocks that stand to lose the most if the global economy slows, including Boeing and Caterpillar.
The Dow Jones Industrial Average fell 1.61%, and the S&P 500 fell 0.56%. The tech-heavy Nasdaq Composite fell 0.26%.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
