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Crude-oil futures bounced back Tuesday ahead of the release of weekly U.S. oil inventory data, after hitting fresh multi-year lows on oversupply concerns.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -1.11% settled up 51 cents, or 1%, at $54.12 a barrel, snapping a three-session losing streak.
February Brent crude on London’s ICE Futures exchange LCOG5, -1.17% rose 2 cents to $57.90 a barrel.
Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average) closed for holiday
Hong Kong (Hang Seng Index) up 0.4% (closed)
Shanghai (Shanghai Composite Index) up 0.7% (at break)
Sydney (S&P/ASX 200) down 0.1% (closed)
Seoul (Kospi) closed for holiday
Mumbai (Sensex) up 0.2%
Taipei (Taiex) down 0.1%
Asian markets were set for a cautious close to 2014 on Wednesday as worries about Greece's future in the euro zone served as an excuse to take profits on popular trades.
The US dollar also ran into selling on its recent gains, while the euro got no respite as a host of European bonds yields fell to all-time lows after a shockingly sharp fall in Spanish inflation.
Trade was thinned by holidays in Japan, Thailand, South Korea and the Philippines, while many markets in Europe are either shut or finish early on Wednesday.
Among the scraps of data and indicators due in Asia is a final measure of December Chinese manufacturing activity from HSBC, though it is unlikely to cause a fuss unless wildly out of line with the preliminary reading of 49.5.
MALAYSIA share prices opened lower on Wednesday with the FBMKLCI down 6.16 points to 1759.76.
Volume was 17.5 million lots valued at RM$7.5 million.
Gainers outnumbered losers 50 to 45.
MALAYSIAN shares ended lower on Tuesday with the Kuala Lumpur Composite Index slipping 1.58 points to close at 1,766.83.
Some 1.34 billion lots, valued at RM1.61 billion were traded. Gainers numbered 382 while losers numbered 402.
