Asian equities pulled back on Thursday after losses on Wall Street ended the S&P 500 nine-day winning sequence.

Oil prices eased following announcements from Israel and Lebanon that they would extend their uneasy truce and establish several pilot security zones inside Lebanon barring Hezbollah fighters.

Crude had jumped the prior day after the United States and Iran each reported carrying out responses to earlier strikes or attempted strikes.

Early Thursday in Asia, Brent crude slipped 92 cents to 96.89 dollars per barrel, while the main US crude benchmark dropped 83 cents to 95.19 dollars per barrel.

Japan Nikkei 225 fell 1.4 percent to 67470.69 amid selling in technology shares. Energy and technology conglomerate SoftBank Group plunged 11.2 percent, and Shin-Etsu Chemical declined 3.8 percent.

Hong Kong Hang Seng dropped 1.6 percent to 25234.24, while the Shanghai Composite index eased 0.8 percent to 4052.89.

In South Korea, the Kospi sank 1.8 percent to 8639.41, and Australia S&P/ASX 200 declined 1.2 percent to 8680.80.

On Wednesday, the S&P 500 retreated 0.7 percent from its record peak for its first decline in ten sessions, finishing at 7553.68. The Dow Jones Industrial Average fell 1.2 percent to 50687.07, and the Nasdaq composite slipped 0.9 percent to 26853.98.

Palo Alto Networks weighed on the market after dropping 5.6 percent despite posting quarterly profit above analyst forecasts.

Stocks also faced pressure from rising bond yields that climbed alongside oil prices. The ten-year Treasury yield advanced to 4.49 percent from 4.46 percent late Tuesday and from 3.97 percent before the conflict started.

Elevated yields globally threaten to slow economies and reduce prices for stocks and other assets. They have already pushed average long-term US mortgage rates to their highest level in nine months and may limit corporate borrowing for artificial-intelligence data centers that have recently supported US economic expansion.

Costlier borrowing can especially affect smaller firms that rely on loans for growth. The Russell 2000 index of smaller US stocks fell 1.3 percent, outpacing the broader market decline.

Nevertheless, equities remain close to their peaks despite the strain on the world economy from higher inflation.

Oil prices stay below earlier peaks reached during the conflict involving Iran, and optimism persists on Wall Street that the United States and Iran may eventually reopen the Strait of Hormuz to tankers, improving crude flows and potentially lowering prices.

US House lawmakers on Wednesday passed a war powers resolution for the first time that would stop US military operations against Iran, challenging President Donald Trump as several Republicans joined Democrats to end the three-month conflict that has reshaped domestic and international politics and unsettled global markets.

GameStop climbed 6 percent after the video-game retailer reported revenue growth of 14 percent from a year earlier and unveiled a plan to return up to 2 billion dollars to shareholders through stock buybacks.

Macy added 0.6 percent after fluctuating during the session. The retailer posted quarterly profit well above forecasts and noted that changes to its product range and improved service are connecting with shoppers.

Economic reports issued Wednesday on the US economy were mixed. A survey from the Institute for Supply Management indicated that growth in US construction, agricultural and other service businesses accelerated last month beyond economist predictions.

The survey also revealed that companies are feeling the impact of higher costs from tariffs and elevated oil prices.

Thursday will feature fresh US employment figures.

In additional trading early Thursday, the US dollar eased to 159.84 Japanese yen from 160.08 yen late Wednesday. The euro advanced to 1.1616 dollars from 1.1600 dollars.