Asia markets mainly greater, OPEC+ reveals production cut

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Asia markets mostly higher, OPEC+ announces production cut

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Visitors stands in front of an electronic ticker at the Tokyo Stock Exchange (TSE), run by Japan Exchange GroupInc (JPX), in Tokyo, Japan, on Monday,Nov 30, 2020.

Toru Hanai|Bloomberg through Getty Images

Shares in the Asia-Pacific were mainly greater on Thursday after Wall Street’s two-day rally fizzled and OPEC+ accepted cut 2 million barrels each day to support rates. Oil futures were a little up throughout Asia’s session.

Japan’s Nikkei 225 got 0.7% to 27,31130, while the Topix included 0.5% to 1,92247 The Kospi in South Korea increased 1.02% to 2,23786 and the Kosdaq was 3.02% greater at 706.1.

In Australia, the S&P/ ASX 200 closed about flat at 6,81750 Hong Kong’s Hang Seng index shed 0.38% in the last hour of trade after rising around 6% onWednesday MSCI’s broadest index of Asia-Pacific shares got 0.37%.

Mainland China markets are closed for a vacation today.

U.S. stocks slipped over night after seeing sharp gains for the previous 2 sessions. The Dow Jones Industrial Average shed 42.45 points, or 0.14%, to 30,27387 after falling almost 430 points previously in the day. The S&P 500 dipped 0.2% to close at 3,78328, and the Nasdaq Composite decreased 0.25% to 11,14864

“The optimism that buoyed financial markets earlier this week receded as U.S. data continued to articulate the need for further, decisive central bank policy action,” according to an ANZ Research note Thursday.

September’s ISM services index and the personal payrolls report by ADP both beat price quotes over night. Investors will be expecting the Bureau of Labor Statistics’ nonfarm payrolls report at the end of the week.

— CNBC’s Tanaya Macheel and Sarah Min added to this report.