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Japanese Stocks Swing While Crude Extends Rally: Markets Wrap

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Japanese stocks fluctuated and the yen halted a four-day advance, while oil continued the longest winning streak in four months as major financial markets began to reopen after a long holiday weekend.

Japan’s Topix index swung between gains and losses after a three-day decline, as data showed consumer prices dropped for a ninth straight month in November. The yen slipped after climbing 0.7 percent over the previous four sessions. Crude climbed for a seventh straight session before OPEC and other producing nations start reducing output. Financial markets in Australia, New Zealand and Hong Kong are shut on Tuesday, while those in the U.S. and most of Europe will resume trading after a holiday Monday.