Asian Shares Mixed, Oil Falls Below $100 After Trump Says US-Iran Met at UN

Asian shares were mixed Wednesday and oil fell after President Donald Trump said US and Iranian officials held a "very good" meeting at the United Nations. South Korea's Kospi rose 0.5% to 7,052.75, while Hong Kong's Hang Seng fell 0.8% to 24,896.04 and the Shanghai Composite lost 0.4% to 3,938.08. Japan's Nikkei 225 was closed for a holiday. Brent crude dropped 0.9% to $98.40 a barrel — still well above roughly $72 in late February before the Iran war — after Trump threatened during his UN address to "annihilate" Iran absent a deal. Asian tech shares were volatile, trading higher after US gains: Samsung Electronics rose 2.6%, SK Hynix 0.4% and TSMC 1.2%. On Tuesday, the S&P 500 edged down under 0.1%, the Nasdaq composite rose 0.5% to a record, and Nvidia, AMD, Broadcom and Intel all advanced. The dollar rose to 157.59 yen from 157.39; the euro slipped to $1.1427.