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Asian markets lag as oil stocks slip further

From marketwatch.com

Asian stock markets were posting modest losses in early trading Wednesday, after oil prices tumbled 7% Tuesday, marking their 12th straight session of losses. Crude prices CLZ8, -0.38% were again down slightly in early trading. Japan’s Nikkei NIK, +0.31% traded up and down, and was last up 0.3%. The dollar USDJPY, +0.08% was at ¥113.92, versus ¥113.80 in late New York trade, while the 20-year yield was down a half-basis point at 0.64% following Tuesday’s drop in Treasury yields. Oil producer Inpex 1605, -1.59% fell 2.3% while Japan Petroleum Exploration Co. 1662, -1.49% dropped 3.4%. On the positive side, SoftBank ... (full story)

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  • Category: Fundamental Analysis