Asian shares are mixed after Wall Street’s rally steadied

HONG KONG (AP) — Shares were mixed Friday in Asia after Wall Street drifted higher as reports suggested the Federal Reserve may have more leeway to cut interest rates later this year to support the U.S. economy if it weakens under the weight of President Donald Trump’s high tariffs.

U.S. futures and oil prices were little changed.

Markets have calmed somewhat after the turmoil unleashed by Trump’s on-again, off-again tariffs offensive, aimed at compelling companies to base manufacturing inside the United States.