Asian shares mostly lower as crude slides to $100 per barrel
ABC News
Stocks are mostly lower in Asia and oil prices have fallen further after another day of losses on Wall Street
BANGKOK -- Asian shares were mostly lower and oil prices fell Tuesday after another day of losses on Wall Street as anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates keep global financial markets on edge.
Markets remain jumbled as investors try to gauge various economic impacts from the war in Ukraine, upcoming rate hikes by central banks and new virus lockdowns in China. Tokyo rose while markets in China, Australia and South Korea fell.
Stocks have fallen sharply in Hong Kong recently, sinking to near six-year lows after the neighboring city of Shenzhen was ordered into a shutdown to combat China’s worst COVID-19 outbreak in two years.
The Hang Seng index lost 2.4% early Tuesday to 19,068.49, while the Shanghai Composite gave up 2.1% to 3,157.14.
