Tuesday, 12 January 2016

Asian shares shaky, oil near 12-year low on China worries

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Asian shares hovered near four-year lows and oil prices languished at near 12-year lows on Tuesday as investors fretted over whether Beijing may be losing control of the economy. 

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent in early trade but still stood near a four-year low touched on Monday, and was still down more than 8 percent since the start of 2016. 

Japan's Nikkei fell 1.3 percent after a market holiday on Monday, hitting a three-month low and down over 8 percent so far this year.

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