The Traderszone Network

Published in TZ Latest News 17 January, 2016 by The TZ Newswire Staff

Asian shares skid to 2011 levels as oil slump intensifies

Asian shares slid to their lowest levels since late 2011 on Monday after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as 4 percent on Monday, with international benchmark Brent futures (LCOc1) falling below $28 per barrel (LCOc1), touching their lowest level since 2003. In China, the Shanghai Composite index (.SSEC) fell nearly 2 percent, piercing through intraday lows last seen in August when China’s markets nosedived.