Asian shares trade mixed as investors weigh oil swings and US bond yields

U.S. stocks finished Thursday nearly flat as investors navigated volatile oil prices and rising Treasury yields. The S&P 500 edged down less than 0.1%, the Dow dropped 161 points, and the Nasdaq gained less than 0.1%, as the 10-year Treasury yield jumped to 5.20% amid uncertainty over Middle East oil supplies and signs of economic strength. Strong corporate earnings and persistent AI-related investment supported stock prices despite headwinds from inflation concerns and potential Federal Reserve rate increases.