Asian Market Update

Asian stocks were mixed in lacklustre trade Thursday, while oil prices extended their losses ahead of a pivotal OPEC meeting expected to maintain the cartel's production levels despite a huge glut.

Tokyo stocks were down 0.29 per cent by the morning break as the yen gained ground against the dollar in subdued trade ahead of the Thanksgiving holiday, which will see US markets closed Thursday and open for shortened trade on Friday.

Hong Kong gained 0.45 per cent at the opening bell, Sydney edged up 0.2 per cent and Shanghai rose 0.53 per cent. Seoul was up 0.46 per cent.