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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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.
For More Information :Intraday Trading Tips, Intraday Stock Tips,F&O tips,Stock Future Tips, Intraday Tips ,Option Trading Tips,Stock Option Tips,Future & Option Tips,option tips
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