Asian Markets Mixed as Middle East Tension Offsets Wall Street Rally

Friday's U.S. session had closed broadly higher after a softer-than-expected inflation print raised hopes for a September rate cut. That momentum stalled in Asia as traders weighed the risk of supply disruptions and higher energy costs.

Crude oil futures ticked up on the geopolitical headlines, adding to pressure on net-importing economies in the region. The dollar held steady against most Asian currencies.

No major economic data releases are scheduled for the session. Trading volumes were below average, with several markets in the region still digesting the previous week's central bank decisions.