Asia stocks little changed as oil prices pare gains after record surge [CNBC]
PetroChina Company Limited (PTR)
US:NYSE Investor Relations:
petrochina.com.cn/ptr/tzzgx/tzzgx.shtml
Company Research
Source: CNBC
Stocks in Asia were little changed in Friday morning trade following a record surge in oil prices overnight that saw U.S. crude futures soaring more than 24%. Mainland Chinese stocks were mixed in early trade, with the Shanghai composite down about 0.3% while the Shenzhen composite was largely flat. Hong Kong's Hang Seng index dipped 0.69%. In Japan, the Nikkei 225 gained 0.33% while the Topix index was 0.61% higher. South Korea's Kospi also rose 0.48%. Meanwhile, shares in Australia slipped, with the S&P/ASX 200 down 0.36%. Overall, the MSCI Asia ex-Japan index traded 0.17% lower. The moves came after an overnight surge in oil prices, though some of those gains were retraced in the morning of Asian trading hours Friday, with international benchmark Brent crude futures declining 2.24% to $29.27 per barrel. U.S. crude futures also fell 4.15% to $24.27 per barrel. Oil companies in Asia Pacific were mixed, with Australia's Santos surging 6.3% while Japan's Inpex gained 3.69%. Hong Kong-l
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