Thursday, 14 January 2016

Asian shares stumble on Wall Street losses, growth worries

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Asian shares skidded on Thursday, taking their cue from steep losses on Wall Street as an overnight rout in oil prices heightened worries about the global economy. 

US crude prices CLc1 were up 0.8 percent at USD 30.72 a barrel, but still not far from Tuesday's nadir of USD 29.93, which was its lowest level since December 2003. 

Global benchmark Brent LCOc1 settled down 1.8 percent on Wednesday at USD 30.31 a barrel, after falling as low as USD 29.96. That marked its first move below USD 30 a barrel since April 2004

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