Stock market today: Asian shares are mostly lower, with markets in Japan and US closed
Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain
BANGKOK — Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.
Markets in Japan and the U.S. are closed Thursday for holidays.
Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to discuss production cuts. The oil cartel has been maintaining a tight market for crude oil with production cuts. It is expected to extend those cuts after oil prices have fallen after a spike in the summer to almost $100 a barrel.
Hong Kong's Hang Seng lost 0.4% to 17,668.99 and the Shanghai Composite index edged 0.2% higher, to 3,048.82. Markets in Greater China have been swaying in reaction to moves by Chinese regulators to prop up the ailing property market.
Shares in troubled developer Country Garden jumped 13% amid reports that it is included on a list of real estate companies eligible for financing support. Sino-Ocean Group Holding's shares soared 18%.
Australia's S&P/ASX 200 shed 0.6% to 7,030.70. In South Korea, the Kospi slipped 2 points lower, to 2,509.73.
Bangkok's SET lost 0.4% and the Taiex in Taiwan was down 0.2%. The Sensex in Mumbai opened up 0.1%.
On Wednesday, the S&P 500 rose 0.4% to 4,556.62. The Dow rose 0.5% to 35,273.03 and the Nasdaq gained 0.5% to 14,265.86.
Trading was muted ahead of the Thanksgiving holiday on Thursday. U.S. markets will be open for half a day on Friday.
Technology and communications services stocks accounted for a big share of the gains for the S&P 500. Microsoft rose 1.3% and Google parent Alphabet added 1.1%.
Broadcom slipped 0.9% after
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