Oil Extends Rout on Demand Concern While Yen Climbs After Vote

Crude oil slid, extending declines from a five-year low amid concern over waning global demand for the commodity. Australian stocks dropped and Japanese index futures slipped while the yen gained after a national election. West Texas Intermediate oil sank 1.8 percent to $56.79 a barrel by 8:56 a.m. in Tokyo, dropping for a fourth straight day as Brent crude fell 1.3 percent. The S&P/ASX 200 Index lost 1.3 percent in Sydney. Futures...

Yen Climbs After Election; Aussie Near Low on Iron Revenue Fall

The yen rose amid speculation traders were locking in profits after Prime Minister Shinzo Abes victory in elections he called to win a fresh mandate for policies that have driven Japans currency to a seven-year low.Australias dollar was near the weakest since June 2010 after Treasurer Joe Hockey said yesterday the budget deficit is deepening because of the biggest slump in the nations terms of trade since records began more than 50 years...

Japan Stocks Follow U.S. Shares Lower as Yen Gains After Abe Win

An election victory for Prime Minister Shinzo Abe didnt stop Japanese stocks from slumping today, as a slide in U.S. equities on concern about oils freefall and a stronger yen weighed on sentiment. The Topix index declined 1.2 percent to 1,387.76 as of 9:00 a.m. in Tokyo after sinking 3.2 percent last week. The measure is poised for its lowest close since Nov. 17. The Nikkei 225 Stock Average slid 1.4 percent to 17,121.67. Abes ruling...

Asian Stocks Fall After U.S. Shares Slide Amid Growth Concern

Asian stocks fell, after U.S. markets posted the biggest weekly drop in three years, amid concern that a tumbling oil price signals weakness in the outlook for global economic growth.The MSCI Asia Pacific Index dropped 0.6 percent to 136.60 as of 9:01 a.m. in Tokyo, headed for a 1 1/2-month low, before markets opened in Hong Kong and China. The Standard & Poors 500 Index tumbled...