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AAP
AAP
Business
YURI KAGEYAMA (AP Business Writer)

Asian shares trade mixed and Kospi falls 3% as oil prices keep swinging

TOKYO (AP) — Asian shares were mixed Tuesday as uncertainty about what will happen with the Iran war roiled global markets.

Japan's benchmark Nikkei 225 lost 0.4% to finish at 60,550.59, erasing initial gains after the government reported that the economy grew for the second straight quarter in January-March, mainly due to better than expected consumer spending.

South Korea's Kospi sank more than 4% in early trading and closed 3.3% lower at 7,271.66. Shares in Hyundai Motor Co. sank 8.9%, LG Electronics dropped 11.7%, Samsung Electronics slipped 2.0% and SK Hynix fell 5.2%, tracking losses in tech shares overnight on Wall Street.

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