Asian Equities Mixed on Global Growth Concerns

Asian shares opened mixed on Wednesday as investors shrugged off a negative finish on Wall Street, while the ongoing meltdown in oil markets damped sentiment.

Overnight, U.S. stocks settled modestly lower, reversing earlier gains of over 1 percent as materials and energy shares fell on lower commodity prices.

Oil hit a near six-year low on Tuesday, extending losses after trading lower for seven straight weeks. U.S. crude settled down 18 cents at $45.89 a barrel, its lowest level since April 2009, while Brent crude was down $1 at $46 a barrel. So far this week Brent is down 8 percent and U.S. crude down about 5 percent.


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