Asian shares to open mixed

09.05.2016 / 02:20

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Futures pointed to a mixed open for Asian stocks Monday.

Australian SPI futures were up 0.4 percent at 5,270, compared to the benchmark ASX 200's last close at 5,292.5 on Friday.

Nikkei futures in Chicago were up 0.4 percent at 16,175, while Osaka futures were down 0.4 percent at 16,020. The Nikkei 225 finished at 16,106.72 in the previous session.

Oil prices surged more than 2 percent at the start of Asia's Monday session, as wildfires in Canada shut half of the country's vast oil sands capacity over the weekend, Reuters reported.

Also, Saudi Arabia replaced its long-time oil minister Ali al-Naimi withKhalid al-Falih, the chairman of Saudi Aramco, which analysts said signaled a new era for crude markets and appeared to be a reaffirmation of Saudi policy to let oil set its own pricing.

Ат 02:50 The Bank of Japan will release its minutes on Monday and the Philippines will head to the polls to elect a new president.

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Asian shares to open mixed

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