Asian Markets Mixed as Oil Falls and US, Japan on Holiday; Sentiment Strong Despite Looming Recession
• Asian shares mostly lower on Thursday with markets closed in Japan and the US for holidays • Oil prices fell about $1/barrel after OPEC postponed meeting to discuss production cuts • Hong Kong's Hang Seng lost 0.4%; Chinese regulators propping up property market • S&P 500 rose 0.4% Wednesday, lifted by tech and communications companies • Consumer sentiment remains strong though recession forecasts pushed further out to 2024