Asian markets trading on a mix note on the back of global uncertainties

The current uncertainty over production cut talk of crude is highly responsible for the directionless movement of the Global stock markets. Major Asian markets are trading on a mix note on Thursday morning. In addition, yellow metal touched the high of $1254 level overnight and currently trading around $1230 mark.

The USD/JPY was seen trading around 112.33 on Thursday, up from an overnight low of 111.08.

The Nikkei 225 index traded 0.71% higher at 16,027.94 points in morning trade, while the broader Topix index rallied 1.20% to 1,299.98 points.

Mainland China's Shanghai Composite index fell 0.37% to 2,917.94 point at the opening bell, while Hong Kong's Heng Seng index opened flat at 19,192.07 points and currently trading 0.71% lower at 19056 points.

South Korea's markets also had a positive start on Thursday, with the benchmark Kospi index jumping 0.44% higher to 1,921.83 points.

Australia's S&P/ASX 200 index was trading 0.41% lower to 4,855.52 points.

New Zealand's benchmark S&P/NZX 50 index traded little changed at 6,227.44 points on Thursday afternoon in Wellington.