Asian Stocks Lower After Bad Day On Wall Street

HONG KONG (AP) — Asian stocks have traded mostly lower after Wall Street had its worst day since the start of the Iran war over growing doubts about a de-escalation. Tokyo’s Nikkei 225 has closed 0.4% lower, while South Korea’s Kospi has also dropped 0.4%. On Friday, oil prices gained around 1%, and U.S. futures edged up. President Donald Trump said he was postponing a threatened attack on Iran’s energy facilities shortly after U.S. stocks closed with sharp falls on Thursday. The S&P 500 slumped 1.7% for its worst day since January. The Dow Jones Industrial Average fell 1%, and the Nasdaq composite sank 2.4%, after Iran rejected a U.S. offer for a ceasefire.