Asian stocks slid Tuesday as further weakness in oil prices and the slumping Russian ruble helped extend the global market rout. China’s benchmark rose after poor factory data fueled hopes of more stimulus.KEEPING SCORE: Japan’s benchmark Nikkei 225 index tumbled 1.9 percent to 16,774.92 and South Korea’s Kospi lost 0.4 percent to 1,912.04. Hong Kong’s Hang Seng fell 1.2 percent to 22,757.92 while in mainland China the Shanghai Composite Index gained 0.7 percent to 2,975.37. Australia’s S&P/ASX 200 shed 0.5 percent to 5,158.10.CHINA FACTORIES: Shanghai shares gained after a preliminary HSBC report on manufacturing showed a contraction for the first …read more
Source: The Jakarta Post
