Asian shares are mostly higher after Wall Street’s rally loses steam

MANILA, Philippines (AP) — Asian shares were mixed on Thursday, with major markets mostly higher despite overnight losses on Wall Street.

U.S. futures edged higher while oil prices fell.

Japan’s Nikkei 225 recovered from earlier losses, gaining 0.3% to 45,768.68. Minutes from the Bank of Japan’s July meeting released Thursday indicated policy officials were inclined to raise interest rates if economic activity and prices improve.

In Chinese markets, Hong Kong’s Hang Seng index added 0.1% to 26,542.37, while the Shanghai Composite index edged up nearly 0.2% to 3,860.22, lifted by gains in technology shares.

South Korea’s Kospi index slid less than 0.1% to 3,471.66. Concerns about competitiveness lingered after the U.S. on Wednesday cut auto tariffs on EU imports to 15% while Korean vehi