Asian markets traded mostly lower, succeeding losses on back of sliding oil prices.
Australia’s ASX 200 fell 0.56 percent in mid-morning trade, with most sectors trading lower. Energy sector went down 1.08 percent while heavily-weighted financials sector was down 0.08 percent.
New Zealand’s NZX 50 dropped 0.20 pecrent, while South Korean Kospi fell 0.25 percent.
Hong Kong’s stock market delayed opening due to a typhoon warning.
Japan shares opposed the generally downward trend with the Nikkei 225 index up slightly by 0.15 percent, with index-heavyweight Fast Retailing, the owner of clothing brand Uniqlo gaining 0.80 percent.
In the currency market, the dollar index climbed to 98.38, up from levels below 97.80 earlier in the week.
Japanese yen weakened to 104.14 against the dollar from levels below 103.50 in the previous session. Australian dollar traded at $0.7633, after sliding from levels above $0.7700 on Thursday, as the September employment report strongly missed expectations.
Oil markets dropped more than 2 percent, wiping out the previous day’s gains on prices of commodities denominated in the greenback.
Oil settled up about 2 percent on Wednesday, with U.S. crude closing at its highest level in 15 months, after a large and unexpected decline in U.S. crude stocks.
Brent crude fell $1.35 or 2.56 percent at $51.32 per barrel, U.S. West Texas Intermediate (WTI) crude oil was down $1.17 or 2.3 percent at $50.43 per barrel. On Wednesday, it hit a July 2015 high of $51.93.
In the latest week to October 14, there was a drop of 5.2 million barrels, while refineries only ran at 85 percent. Data showed lower crude reports were responsible for the draws.