The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, was little changed at 9,670.
West Texas Intermediate crude rebounded from a three-day fall that drove it into a bear market. Japanese equity markets were strong despite the Yen’s strength.
The weakness in crude and other commodities dents arguments from U.S. Federal Reserve officials that weak inflation rates will be transitory, even as the economy shows few signs of distress.
The American benchmarks Dow & Jones Industrial Average and S&P 500 Index closed in the negative while Nasdaq rose for the second time this week, led by technology stocks.
Gold extended Wednesday’s gains, rising 0.4 percent to $1,251 per ounce.