China's yuan has weakened against the
dollar for 10 straight sessions
through Thursday, the longest weakening streak
on record, after the central bank guided the Chinese currency lower.
Wall Street drooped on Thursday as
crude oil futures continued to wallow at multi-year lows against a backdrop of
oversupply as well as a stronger dollar following the US Federal Reserve's
widely anticipated tightening on Wednesday.
US crude futures CLc1 continued to slip
in Asian trading, down 0.6 percent at USD 34.74 a barrel. Brent LCOc1 ended
trade on Thursday less than USD 1 above its 2004 low of USD 36.40.
MSCI's broadest index of Asia-Pacific
shares outside Japan .MIAPJ0000PUS was down 0.4 percent in early trade, but
still on track to log a 1.5 percent rise for the week.
Japan's Nikkei edged down about 0.1 percent, poised for a weekly gain of
0.5 percent, as investors awaited the conclusion of the Bank of Japan's two-day
meeting expected later in the session.
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