Asian stocks mixed after losing record gains from surging oil prices

Asian stock markets remained uncertain on Friday as it lost some of its record gains from a surge in oil prices in an earlier session.

Japan’s Nikkei went up by a modest 0.32% by 10:33 PM ET (3:33 AM GMT) while South Korea’s KOSPI gained 0.48%.

Losing its previous gains, Australia’s S&P/ASX index fell by 0.41%.

Hong Kong’s Hang Seng Index rose by 2.24%. China’s Shenzhen Component gained 0.23% while the Shanghai Composite fell by 0.14%.

Investors braced for prolonged economic turbulence after the World Health Organization reported the number of confirmed COVID-19 cases around the world exceeded 900,000 as of April 2.  

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