Asian shares were trading mixed in Thursday trading, as investors tried to digest the recent swings in oil prices and the US bond market.

Japan's benchmark Nikkei 225 gained 0.8 per cent to 65,513.99, as some chipmakers got a boost from the recent interest in artificial intelligence. Australia's S&P/ASX 200 fell 0.7 per cent to 8,702.00.

Hong Kong's Hang Seng lost 0.4 per cent to 24,730.44, while the Shanghai Composite dipped 1.2 per cent to 3,889.47. Trading was closed in South Korea for the Chuseok autumn harvest holiday.

In energy trading, benchmark US crude rose 0.67 per cent to USD 92.78 a barrel. Brent crude, the international standard, gained 0.57 per cent to USD 103.67 a barrel.

The price for a barrel of Brent remains much higher than the roughly USD 72 it cost before the war with Iran began, and worries are running high that the war with Iran will keep oil bottled up in the Middle East for a long time. Talks are continuing with mediators between US and Iranian officials, but nothing concrete has come from it yet.

Investors are also closely watching for what might come of the talks between Presidents Donald Trump and Xi Jinping later in the day at the White House. A lot is likely to be discussed, including trade, the war in Iran and AI. Some analysts are not too optimistic about seeing major agreements.