Japanese
stocks fell for a second day, extending a global equities slump as a
rout in commodities intensified. Energy explorers and oil refiners led
declines.
The
Topix index declined 0.6 percent to 1,560.10 as of 9:01 a.m. in Tokyo,
headed for its lowest close in a month. The Nikkei 225 Stock Average
dropped 0.6 percent to 19,372.57. Global equities suffered their worst
day in almost a month on Tuesday as oil lingered at its lowest level
since 2009 while iron-ore prices plumbed new lows.
U.S.
crude traded at about $38 a barrel after sliding to as low as $36.64 on
Tuesday as OPEC’s decision to effectively abandon a limit on production
continued to reverberate through markets.
Source: Bloomberg
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