Asian Stocks Mixed as Hopes of OPEC Curb Bolster Oil

Asian stocks were mixed on Monday, as oil prices rose on hopes of an OPEC production cut.

U.S. futures moved higher, with Dow Jones futures up 0.08%, S&P 500 futures up 0.17% and Nasdaq 100 futures up 0.18%.

Brent crude was recently up 0.19% at $47.51 a barrel on expectations that OPEC will cap production at its meeting in Vienna on Nov. 30. A production cap would be its first deal of the kind since 2008.

The yen weakened against the euro, and the Australian dollar and was recently little changed against the U.S. dollar.

In Japan the Nikkei 225 closed up 0.77% to 18,106.02 and the Topix rose 1.01% to 1,442.93.

Power producer Inpex was up 3.2% and retailers including FamilyMart Uny and J Front Retailing gained on the back of industry sales data.

In Hong Kong the Hang Seng was recently up 0.07% at 22,359.47.

In mainland China the CSI 300 was up 0.51% at 3,435.02.

The S&P/ASX 200 closed down 0.15% at 5,351.34.

Shares in Australian building products supplier Boral were suspended ahead of its announcement that it would pay $1.8 billion for Utah-based peer Headwaters HDW. It's offering a 21% premium for the target, which has made several acquisitions of its own in recent years.

Gas producer Santos closed up 2.8%.

In Thailand the SET 50 rose 0.50% to 921.76. Third-quarter GDP growth slowed more than expected to 3.2% from 3.5%, government data showed.

Spot gold was recently up 0.52% at $1,214.20 an ounce.

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