Asian markets mostly down, oil struggles ahead of talks

HONG KONG: Most Asia stock markets went into reverse on Wednesday after a recent rally, with energy firms down and oil unable to hold early gains after an output freeze by top producers Saudi Arabia and Russia left investors disappointed.

The commodity had enjoyed a surge from Friday to early Tuesday as Moscow and Riyadh—the world’s two biggest producers—prepared for talks on a rout that has seen the cost of a barrel collapse and hammered global markets.