Asian shares are mixed and crude prices soar $2 after Trump sanctions Russian oil giants

Asian shares are mixed and crude prices soar $2 after Trump sanctions Russian oil giants Updated 21 mins ago Shares are mixed in Asia following a retreat on Wall Street, while crude prices jumped $2 after U.S. President Donald Trump announced sanctions on Russian oil giants. The sanctions are intended to drive Russian President Vladimir Putin to the negotiating table and help end Moscow’s brutal war on Ukraine. Chinese shares rose after earlier declines as leaders in Beijing were wrapping up an important Communist Party meeting that will set the agenda for the coming five years. On Wednesday, the S&P 500 sank 0.5% and the Dow Jones Industrial Average dropped 0.7%. The Nasdaq composite fell 0.9%. Netflix helped drag the market lower after reporting a profit that fell short of forecasts.