Tuesday, 3 May 2016

ASIAN MARKET NEWS 04 May 2016


Oil prices retreated overnight, with US crude futures settling down 2.5 percent at USD 43.65 a barrel, while Brent futures settled down 1.9 percent at USD 44.97.
In Sydney, the ASX 200 fell 1.23 percent, weighed by losses in the energy subindex, down 3.48 percent, and the materials subindex, which was lower by 4.47 percent.
Chinese mainland markets opened flat to higher, with the Shanghai composite was up 0.10 percent, while the Shenzhen composite was 0.41 higher.


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