Asia Ttrades lower; ASX down 0.7%, Kospi down 0.3%, Japan closed

Asia markets opened lower on Thursday, following US losses, with sentiment likely driven by Wednesday's oil price falls and in anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 was down 0.74 percent in early trade, with the financials, energy and materials sub-indexes down between 0.6 and 1.13 percent. 

 

Major banking stocks sold off, with shares of Commonwealth Bank of Australia down some 2.2 percent. New Zealand's NZX 50 was near flat at 7,342.43. In South Korea, the Kospi traded 0.27 percent lower. Japanese markets were closed for the Mountain Day public holiday.Get live Indian Stock Market News Updates visit us : http://www.ripplesadvisory.com/aboutus.php or Get Two Days Free Trial just on One Missed Call @98-27-80-80-90 

 

US stocks closed lower, with the benchmark S&P 500 dropping 6 points as energy - the biggest laggard - dropped 1.4 percent. Oil prices fell on Wednesday in the US session, amid renewed oversupply concerns. US crude futures fell 2.5 percent to $41.71 a barrel, while global benchmark Brent slipped 2 percent to $44.05.