Asian stocks swung, with the regional index on course for its biggest three-week advance since 2009, ahead of a meeting of Chinese leaders and a monthly U.S. jobs report.
The MSCI Asia Pacific Index fell 0.2 percent to 125.26 as of 9:07 a.m. in Tokyo, swinging from a 0.1 percent gain. The gauge has surged 4.7 percent this week, extending a rally from this year’s low in February to 11 percent. Energy shares in the Standard & Poor’s 500 Index erased 2016 declines Thursday as crude oil settled near an eight-week high. A report showed the number of weekly claims for unemployment benefits remained consistent with a steady labor market, before the government’s monthly jobs data on Friday.