Asian Equities Open Lower as Oil Slides Further

A lower open is in store for Asian bourses on Thursday, after Wall Street finished sharply lower overnight on the back of further oil price declines.

Australia’s S&P ASX 200 index opened down 0.6 percent, weighed down by losses in the banking majors and iron ore producers. Macquarie Group lost 2.4 percent while Fortescue Metals retreated 4 percent.

Trade in Japanese stock futures suggests the benchmark index is set to fall, furthering the week’s losses. Futures in Chicago traded at 17,170 after earlier Osaka futures fell over 1 percent to 17,280; both below where the Nikkei 225 closed.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.