Asia Stocks Mixed After Wall Street Falls, US Bans Russian Oil

People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, on March 9, 2022. Vincent Yu/AP Photo

BEIJING—European stocks and Wall Street futures rebounded Wednesday as investors watched diplomatic efforts to end Russia’s attack on Ukraine, while Asian markets sank after Chinese inflation accelerated.

Already high oil prices added more than $1 per barrel following President Joe Biden’s ban on imports of Russian crude.