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AAP
AAP
Business
CHAN HO-HIM (AP Business Writer)

Shares mostly advance and oil trades below $80 on optimism over interim US-Iran war deal

HONG KONG (AP) — Asian shares were mostly higher and oil was trading below $80 a barrel on Wednesday as markets watched for details on the interim agreement between the U.S. and Iran to end the war.

U.S. futures edged higher ahead of the Federal Reserve's policy decision announcement and after Wall Street closed mixed near their record highs.

Tokyo's Nikkei 225 was 0.7% higher at 69,902.25 after briefly crossing the 70,000 mark for a second straight day following news that Japan's exports jumped 17% in May from a year earlier, helped in part by strong demand for high-tech products.

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