Asian stocks swung between gains and losses after President Barack Obama pulled the U.S. from the brink of a military strike against Syria. Energy producers led declines.

Nikkei 225 14,425.07 +1.71 +0.01%

Hang Seng 22,937.14 -39.51 -0.17%

S&P/ASX 200 5,234.39 +33.22 +0.64%

Shanghai Composite 2,241.27 +3.28 +0.15%

Inpex Corp., Japan’s biggest energy explorer, sank 3.4 percent after crude oil fell.

Newcrest Mining Ltd. dropped 3 percent in Sydney, pacing losses among gold producers after Goldman Sachs Group Inc. said the price of bullion will remain weak next year.

Yangzijiang Shipbuilding Holdings Ltd. jumped 5.6 percent in Singapore after Credit Suisse Group AG and DBS Group Holdings Ltd. raised ratings for the Chinese shipbuilder.