Friday, 13 November 2015

Asian stocks bruised by US losses, oil slide

Asian stocks tracked Wall Street lower early Friday, with risk-off sentiment in full swing amid sharp falls in the price of commodities. 
Crude prices hit two-and-a-half-month lows on Thursday after the US government reported a stockpile build four times above market expectations. 
West Texas Intermediate crude was last seen 0.3 percent lower at $41.62 a barrel in early Asian trade. Meanwhile, gold tumbled to its lowest level since 2010, depressed by expectations that the Federal Reserve is on track for a rate liftoff in December for the first time in nearly a decade. 
Copper also fell to its weakest level in more than six years, hurt by a strong dollar and persistent concerns over China's economy.

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