Asian Stocks Trading Mostly Higher

Shanghai's index rose 0.9%, while Australia's benchmark was up 0.7%.

In New York Thursday, Wall Street stocks rose though closed off their highs.

The Dow Jones industrials rose 58.42, or 0.7%, to 8,555.60, its biggest one-day gain in two weeks. The Dow had been up 98 points. The S&P 500 index rose 7.66, or 0.8%, to 918.37.

U.S. futures suggested a slightly higher open Friday.

Oil prices were marginally higher in Asia, with benchmark crude for July delivery up 25 cents at $71.62. The contract rose 34 cents overnight.

The dollar traded at 96.60 yen compared with 96.65 yen, while the euro rose to $1.3942 from $1.3906.