Smoke rises from an Israeli strike targeting the southern suburbs on March 5, 2026 in Beirut, Lebanon. <\/p>\n
Daniel Carde | Getty Images<\/p>\n
Asia-Pacific markets were mixed on Friday, tracking Wall Street losses overnight, as the Iran conflict sends energy prices higher. <\/p>\n
Overnight, oil prices broke through the $80 per barrel mark, with Brent futures last trading at $84.17. U.S.\u00a0West Texas Intermediate<\/a>, which saw its biggest single day gain since May 2020, was last down 1.94% at $79.44. <\/p>\n More uncertainty was also seen on the global trade front after New York Attorney General\u00a0Letitia James<\/a>\u00a0and the top prosecutors of 23 other states\u00a0once again sued to block President\u00a0Donald Trump<\/a>‘s global tariff regime.<\/p>\n This comes after the U.S. Court of International Trade had ruled Thursday that companies were entitled to tariff refunds from Trump’s duties that were struck down by the Supreme Court.<\/p>\n South Korea’s Kospi<\/a> tumbled once again, falling 1%, after marking its best day since 2008 in the prior session. The small-cap Kosdaq, however, extended gains to rise 1.52%. Kosdaq 150 futures spiked 6%, triggering<\/a> a buy trading curb for five minutes. <\/p>\n Defense heavyweight LIG Nex1 was up more than 15%, and was one of the top Kospi gainers, after South Korean media reported its air defense systems<\/a> were used to successfully intercept Iranian missiles launched at the United Arab Emirates. <\/p>\n Japan’s Nikkei 225<\/a> was up 0.24%, reversing earlier losses, while the Topix was marginally down.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> was down 1.06%, dragged by basic materials stocks. <\/p>\n Hong Kong’s Hang Seng index<\/a> was up 1.14%, extending gains from Thursday, while the mainland Chinese CSI 300 was down 0.4%.<\/p>\n Overnight in the U.S., all three major indexes fell, with the stock sell-off led by\u00a0Boeing<\/a>,\u00a0Caterpillar<\/a>\u00a0and other names that stand to lose the most if the global economy slows.<\/p>\n The\u00a0Dow Jones Industrial Average<\/a>\u00a0declined 1.61%, while the\u00a0S&P 500<\/a>\u00a0fell 0.56%. The tech heavy\u00a0Nasdaq Composite<\/a>\u00a0dipped 0.26%. <\/p>\n \u2014CNBC’s Sean Conlon and Pia Singh contributed to this report. <\/p>\n