Shares in Asia are mixed as traders wait anxiously on OPEC meeting
On Wednesday, stocks in Asia traded mixed, as energy shares came under pressure, as market participants eyed a meeting between the world's major crude producers in Vienna seen as crucial in backing oil prices through output cuts.
Japan's Nikkei 225 leapt 0.19%, while in South Korea the Kospi managed to earn 0.37%, as traders mulled political turmoil, reacting to President Park Geun-hye's conditional resignation offer on Tuesday. Meanwhile, Australia's ASX 200 went down 0.23%, with miners leading losses on the index because the materials sector sank 2.34%, while the energy sector dived 1.45%.
The Shanghai Composite Index descended 0.68%, while Hong Kong's Hang Seng Index added moderately by 0.27%.
Additionally, president-elect Donald Trump has reached a deal with United Technologies just to keep close to 1,000 jobs at Carrier Corp, owned by UTX.
Overnight, American shares traded higher after the close, as profits in the Healthcare, Financials as well as Utilities sectors brought shares up.