Tuesday, January 10, 2017

Asian stocks lower; Nikkei slips 0.2%, Kospi off 0.3%

Asian markets started Tuesday on the back foot, after the Dow retreated further from the 20,000 mark and oil prices plunged as much as 4 percent overnight.

Australia's ASX 200 was down 0.46 percent in early trade, weighed heavily by losses in its energy sub-index as oil prices plunge.

Japanese benchmark Nikkei 225 opened down 0.2 percent, like due to the yen's strength.

Over in South Korea, the Kospi was down 0.26 percent in opening trade.

Stateside, the Dow Jones industrial average retreated from its march to 20,000, slipped 0.38 percent to 19,887.38, while the S&P 500 fell 0.35 percent to end at 2,268.9 while the Nasdaq composite finished up 0.19 percent, to 5,531.82.

US crude fell USD 2.03 at USD 51.96 a barrel, while Brent finished down USD 2.16 at USD 54.94.

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