Asia Markets: Asian markets mixed, though energy stocks surge

Asian stock markets were mixed early Wednesday, as rising oil prices and trade tensions continued to set the tone for trading

Japan’s Nikkei NIK, -0.24% fell 0.5%, with oil consumers lagging on crude’s overnight pop following a U.S. official’s comments warning the world to end Iranian oil imports or face sanctions. Major shipper Mitsui OSK 9104, -2.00% was down 3.4% while airline operator ANA 9202, -1.51% fell 1.6%. Conversely, energy stocks were up with oil explorer Japan Petroleum Exploration 1662, +2.83% rising 1.9% and distributor JXTG 5020, +2.01% climbing 2%.

Chinese stocks opened little changed, a day after the Shanghai Composite SHCOMP, -0.45% hit fresh two-year lows and entered bear-market territory to join Shenzhen index 399106, -0.54% at least 20% below their most recent highs.

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