Shares in Tokyo dipped and were higher in Hong Kong, Sydney and Seoul Asian stocks were mixed Thursday following a three-day rally as investors mulled the spread of the coronavirus and when economies will be able to ramp up again.
Oil rose amid expectations for production cuts. Shares in Tokyo dipped and were higher in Hong Kong, Sydney and Seoul. S&P 500 Index futures edged up after the gauge jumped 3.4% -- bringing its rise from the March low to more than 20%.
Oil climbed after Algeria confirmed that the OPEC+ emergency meeting scheduled for Thursday will discuss an output cut of 10 million barrels per day.
A spokeswoman for Russian energy ministry said the nation will commit to cuts based on its proportion of the total production.