Market Report - Asian Stocks Down

WONG:Asian stocks fell on Tuesday, after more trouble in the U.S. financial sector, including a ninth bank failure, reminded investors of the frail state of the global economy.Japan's benchmark Nikkei slipped, dragged lower by Canon and other exporters.Oil extended gains to stay above 115 dollars a barrel, supported by worries that tropical storm in the Caribbean would turn into a hurricane and disrupt oil output.Gold rebounded from lows as rising oil spurred bargain hunting and helped the metal defy a rising dollar.The dollar climbed towards a six-month high against the euro.The Australian dollar extended losses to seven-month lows against the U.S. currency as fresh financial sector woes prompted selling of riskier assets.

Channel: News & Politics
Uploaded: December 31, 1969 at 6:59 pm
Author: NTDTV

Length: 00:50
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