Gold Rebounds as Crude, Equities Tumble After Oil Talks Fail

Gold rallied as crude plunged, spurring a selloff in riskier assets from commodities to equities and boosting demand for a haven. Bullion for immediate delivery climbed as much as 0.5 percent to $1,239.56 an ounce and traded at $1,237.16 at 9:20 a.m. in Singapore, according to Bloomberg generic pricing. Prices rose 0.5 percent on Friday, paring a weekly drop, after U.S. reports showed manufacturing output unexpectedly declined and consumer...

Crude Tumbles as Doha Talks Fail; Asian Stocks Slide With Aussie

Crude oil tumbled and commodity-linked currencies weakened after talks between OPEC members and other producers ended in Doha without any agreement on limiting supplies. Asian stocks retreated from a four-month high, while demand for haven assets boosted the yen and Treasuries. West Texas Intermediate slid 5.4 percent to $38.17 a barrel after the first significant attempt in 15 years at coordinating oil output between OPEC and...

Chinese Stocks Fall Most in Three Weeks as Oil Producers Slump

Chinese stocks headed for the biggest loss in three weeks as energy producers retreated after oil tumbled. The Shanghai Composite Index declined 1.4 percent. China Petroleum & Chemical Corp. and Yanzhou Coal Mining Co. lost more than 2 percent. Crude slumped the most in two months in New York after talks between major oil producers ended in Doha without any agreement on limiting output. Property developers declined even after data...

Japanese Stocks Tumble After Oil Talks Deadlock as Yen Advances

Japanese stocks tumbled after talks between OPEC members and other producers ended without any agreement on limiting supplies, while the yen gained after the Group of 20 finance ministers signaled opposition to curbing the currency’s strength. Energy stocks led losses as crude futures sank. Insurers posted the second-largest decline in the wake of Thursday’s earthquake and strong aftershocks Saturday that pushed the death toll higher....

Asian Stocks Drop as Japan Topix Tumbles With Commodity Shares

Asian stocks fell, with the regional benchmark index retreating from a four-month high, as crude plunged and Japanese shares tumbled on a stronger yen after oil talks ended without an agreement on limiting supplies. The MSCI Asia Pacific Index fell 1.1 percent to 130.75 as of 9:07 a.m. in Tokyo. The gauge surged 17 percent from its Feb. 12 low through last week, recouping all of its losses for 2016, as the Federal Reserve reassured investors...