Asian shares, oil skid on global growth worries
Asian shares stumbled and oil prices fell on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga.
- FTSE futures (FFIc1) were off 0.2 percent.
- The blue-chip index (CSI300) off 1.2 percent.
- Hong Kong’s Hang Seng index (HSI) was down more than 1 percent.
- Australia’s main share index (AXJO) faltered 0.5 percent.
- Japan’s Nikkei (N225), which had opened firmer, skidded 0.7 percent.
- Japanese currency last buying at 109.41 per dollar.
- Against a basket of currencies, the dollar was barely changed at 96.393 (DXY).
- The euro was near the floor of its recent trading range at $1.1358 (EUR=).
- Oil prices lower with Brent (LCOc1) down 55 cents at $62.19
- U.S. crude futures (CLc1) off 39 cents at $53.41.