Asian shares mixed
Asian shares were mixed on Friday while oil surged amid rising tension in Egypt after President Hosni Mubarak enraged protesters by saying he would not step down.
Seoul dived 1.56 percent, or 31.31 points, to 1,977.19 and Sydney ended 0.68 percent, or 33.5 points, lower at 4,880.9, while Taipei tumbled 2.57 percent, or 226.70 points, to 8,609.86.
But Shanghai closed 0.33 percent, or 9.17 points, higher at 2,827.33 and Hong Kong broke a four-day losing streak to end up 0.53 percent, or 120.30 points, at 22,828.92.
Tokyo's Nikkei was closed for a public holiday.
Global markets are keeping an eye Egypt amid concerns that chaos there could spill over to other parts of the already volatile Middle East.
The crisis took a fresh turn on Thursday when Mubarak called a news conference amid speculation he was about to resign, lifting hopes of an end to protests.
However, he said in the televised announcement that he would not leave office until after September elections, instead delegating some powers to his vice president and enraging demonstrators.
More than 200,000 protesters massed in central Tahrir Square on Thursday night and another demonstration was underway on Friday, sparking fears of violence.
Oil prices, which had eased slightly at the start of the week on hopes the protests were subsiding, jumped back on Friday.
Brent North Sea crude for March delivery gained 47 cents to $101.34 on the contract's last trading day.
New York's main contract, light sweet crude for March, soared 42 cents to $87.15 per barrel.
While Egypt is not a major crude producer, traders fears any conflict there could disrupt supplies through the Suez Canal, which carries about 2.4 million barrels of oil daily, roughly equal to the output of Iraq or Brazil.
The Shanghai index gained on Friday and Thursday as traders had already factored in a rate hike announced by Beijing on Tuesday -- the third on the mainland in four months.
On Wall Street the Dow eased 0.09 percent Thursday, snapping an eight-session rally.
In Asian forex trade the dollar rose to 83.53 yen from 83.20 yen in late Thursday New York trade, while it also picked up against the euro, with the single currency fetching $1.3551 in Tokyo, from $1.3601.
The euro fetched 113.21 yen, compared with 113.18 late Thursday.
And in Vietnam the central bank devalued the dong for the fourth time in 15 months, reducing it by 9.3 percent against the greenback in a bid to keep a lid on accelerating inflation, which stood at more than 12 percent last month.
Gold ended at $1,363.30-$1,364.30 an ounce in Hong Kong on Friday, up from Thursday's close of $1,360.50-$1,361.50.
In other markets:
Singapore fell 0.84 percent, or 26.12 points, to 3,077.27.
Singapore Airlines gained 0.43 percent to Sg$14.18 while CapitaLand fell 1.48 percent to Sg$3.34. Kuala Lumpur closed down 0.63 percent, or 9.47 points, at 1,494.52.
National carmaker Proton shed 3.10 percent to 4.32 ringgit, telco Maxis was down 1.80 percent to 5.36, while Petronas Chemicals added 0.80 percent to 6.01.
Wellington was flat, gaining 1.57 points to end at 3,367.44. Bangkok ended flat, edging up 0.48 points to 949.57.
Mumbai rose 1.52 percent, or 265.57 points, to 17,728.61.
Gains were led by infrastructure firms, with Jaiprakash Associates rising 7.35 percent to 81.75 rupees.
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