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Asia Gains Following U.S. Strikes on Syria

Asian markets had a choppy session on Friday after oil prices surged more than 2% and the Nikkei fell to a four-month low earlier in the session after the U.S. fired dozens of cruise missiles at a Syrian airfield.

The Nikkei 225 in Japan recovered 67.57 points, or 0.4%, to 18,664.63

In Hong Kong, the Hang Seng Index fell back 6.42 points to 24,267.30

The missile strikes occured as U.S. President Donald Trump was hosting Chinese President Xi Jinping at his Mar-a-Lago resort in Florida.

A U.S. military official told the media that 59 tomahawks had been fired from U.S. navy destroyers, which hit an airfield near Homs. The missiles hit aircraft and infrastructure including the runway, NBC reported. There has been no word on casualties yet, but the official said no people were targeted

Meanwhile, in corporate news, Samsung shares closed 0.6% lower at 2,080,000 won ($1,833.54 U.S.) per share after the company released its first quarter guidance. The company said operating profits are expected to rise by nearly 50% on year.

CHINA

The CSI 300 in Shanghai climbed 3.67 points, or 0.1%, to 3,517.72

President Xi arrived at West Palm Beach earlier in the day for the highly anticipated talks that are expected to focus on trade issues and North Korea. Speaking to the media before a dinner with the Chinese president, Trump said he thought he would have a "very, very great relationship" with Xi.

In other markets

In Taiwan, the Taiex index dropped 24.43 points, or 0.3%, to 9,873.37

The Kospi Index in Korea faded 1.02 points, or 0.1%, to 2,151.73

In Singapore, the Straits Times Index fell 1.68 points, or 0.1%, to 3,177.27

In New Zealand, the NZX 50 slipped 45.76 points, or 0.6%, to 7,243.76

In Australia, the S&P/ASX 200 gained 6.18 points, or 0.1%, to 5,862.47