NIFTY 50

Asia stocks pressured on global growth worries, oil woes

Updated : November 12, 2018 08:14 AM IST

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.17 percent in early trade. Australian shares were down 0.08 percent, while Japan’s Nikkei stock index eased 0.12 percent.
Risk asset markets have been under intense pressure recently as worries about a peak in earnings growth added to anxiety about slowing global trade and investment.
Taking some pressure off a sharp drop in oil prices last week, Saudi Arabia’s energy minister said on Sunday that the country plans to reduce its oil supply to world markets by 500,000 barrels per day in December, representing a global reduction of about 0.5 percent.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV