Undated, Dec 2 (AP): Asian stock markets mostly drifted lower Tuesday, taking a negative cue from Wall Street as the economic outlook for next year clouds.
Markets were absorbing a number of unsettling trends including further weakness in China's economy, weak holiday retail sales in the US and the slump in oil prices. Faltering recoveries in Europe and Japan add to the picture of an anemic global economy.
Meanwhile, the drop in oil prices from above $100 a barrel to below $70 is putting stress on oil-exporting nations, Russia particularly, which is already under strain from Western sanctions over its backing of the rebellion in eastern Ukraine.
Undated, Dec 2 (AP): Asian stock markets mostly drifted lower
Tuesday, taking a negative cue from Wall Street as the economic outlook
for next year clouds.
Markets were absorbing a number of unsettling trends including further weakness in China's economy, weak holiday retail sales in the US and the slump in oil prices. Faltering recoveries in Europe and Japan add to the picture of an anemic global economy.
Meanwhile, the drop in oil prices from above $100 a barrel to below $70 is putting stress on oil-exporting nations, Russia particularly, which is already under strain from Western sanctions over its backing of the rebellion in eastern Ukraine.
Markets were absorbing a number of unsettling trends including further weakness in China's economy, weak holiday retail sales in the US and the slump in oil prices. Faltering recoveries in Europe and Japan add to the picture of an anemic global economy.
Meanwhile, the drop in oil prices from above $100 a barrel to below $70 is putting stress on oil-exporting nations, Russia particularly, which is already under strain from Western sanctions over its backing of the rebellion in eastern Ukraine.
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