Asia-Pacific shares are set to open mixed Friday as investors assess the Russia-Ukraine conflict following a massive comeback on Wall Street overnight.

Japan's Nikkei 225 futures in Osaka were up 1.27%, while the index futures in Chicago were down. On Thursday, it closed at 25,970.

The S&P/ASX 200 in Australia advanced in early trade.

West Texas Intermediate crude futures were up 1.79% at $94.47 per barrel in Asia trade on Friday.

On the news of Russia's attack, oil rose more than 8%.

The price of WTI was 0.71% higher at $92.81 per barrel, while the price of Brent was 2.3% higher at $99.08 per barrel.

Spot gold last traded at $1,910.76.

President Joe Biden said on Thursday that the U.S. will impose new sanctions on Russia because of its invasion of Ukraine. The president said that the White House had authorized additional troops to be stationed in Germany.

The European Union called on Russia to stop all military action and withdraw its forces.

After falling sharply earlier in the session, the stock market staged a stunning reversal to close higher.

The S&P 500 gained 1.5% after falling more than 2.6%, while the Dow Jones Industrial Average erased an 856-point drop to advance 92.07 points. The tech-focused index rose after falling during trading hours.

The U.S. dollar index was last at 97.048, up from 96.190.

The Australian dollar was up fractionally, while the Japanese yen was down.

On Friday morning in Asia, it was up 1.61%.