The Traderszone Network

Published in TZ Latest News 7 October, 2014 by The TZ Newswire Staff

Asia shares stumble, oil skids to 27-month lows

Asian share markets were mostly in the red on Wednesday as worries about waning global growth lifted safe-haven bonds, while shoving oil prices to their lowest in more than two years. Extending a three-month-long decline, Brent oil (LCOc1) sank $1.18 to $90.93 a barrel while U.S. In Asia, Japan’s Topix (.TOPX) shed 1.1 percent while the Nikkei (.N225) dropped 1.0 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 percent, while Australia’s main index (.AXJO) lost 0.9 percent.