Markets were mixed in Asia on Thursday as investors applied the brakes to a recent rally that has some worried valuations may have run a little too high.
Oil prices were lower on Thursday though holding near one-month highs after futures jumped in the previous as the International Energy Agency (IEA) and others upgraded forecasts for oil demand as major economies recover from the pandemic. Brent crude was down by 21 cents, or 0.3%, at $66.37 a barrel by 0129 GMT, after gaining 4.6% on Wednesday and closing at the highest since March 17. U.S. crude inventories were down by 5.9 million barrels last week, the Energy Information Administration (EIA) said on Wednesday, more than double analysts' expectations for a 2.9 million-barrel decline.
Cussion had held the CEO's position from July 2016. Zhu has previously served as the vice president of Chinese technology giant Tencent Holdings Ltd, which controls Tencent Music. The Chinese music streaming platform said Tong Tao Sang, the company's current chairman, will resign from his position.
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