Asia Markets Mixed; Futures Point to Positive Opening

Asia markets were mixed on Thursday as oil prices continued to fall after U.S. inventories data from the U.S. Energy Information Administration show a rise in crude stocks.

West Texas intermediate was recently 0.82% down to $41.37 and Brent crude lost 0.54% at $43.81 a barrel.

Dow Jones Industrial Average mini futures were up 0.12% and S&P 500 mini futures gained 0.06%.

In Hong Kong, the Hang Seng gained 0.5% to sit at 22,604.70.

On mainland China, the CSI 300 was at 3,233.47 down 0.30%.

China Mobile (CHL) gained 1.82% in Hong Kong after reporting revenue beat expectations in the first half of the year. The state-owned telecoms group saw net revenue rise to 60.6 billion Chinese renminbi ($9.12 billion), beating analysts' expectations of Rmb58.5 billion. The growth was attributed to increased demand for data services.

Revenue from data services jumped to Rmb195 billion compared with Rmb14 billion a year earlier.

Japanese markets were closed today for a new public holiday - Mountain Day. Japan has the most public holidays in the G8, as they try to encourage people to take more holidays.

In Seoul, the Kospi gained 0.20% after the Bank of Korea left its benchmark lending rate unchanged at 1.25%.

The Reserve Bank of New Zealand on Thursday cut its benchmark rate to 2% and said there was potential for further quantitative easing.

In Sydney, the S&P/ASX 200 lost 0.64% to close at 5,508.02.

Australia's biggest telecom provider Telstra (TLSYY) saw shares fall 1.61% after it announced it would buy back A$1.5 billion worth of shares and invest A$3 billion ($1.15 billion) in networks in the next three years. The buyback is funded by a surplus in cash and profits from the sale of a stake in Chinese online car sales business Autohome.

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%