Asia stocks mixed after Wall St falls, US bans Russian oil

By JOE McDONALD
AP Business Writer

BEIJING (AP) — European stocks and Wall Street futures are higher as investors watch diplomatic efforts to end Russia’s attack on Ukraine. Asian markets sank after Chinese inflation rose. Already high oil prices added more than $1 per barrel, following President Joe Biden’s ban on imports of Russian crude. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong declined amid enduring unease about the war’s global impact. Futures for Wall Street’s S&P 500 index and Dow Jones Industrial Average were up 1%. The Chinese government reported consumer prices rose 0.6% in February from the previous month and producer prices gained 0.5%.