Asian Stocks Drop as Crude Extends Slump on Glut Concerns
- Asian stocks fell with U.S. index futures amid a retreat in commodity prices, while the dollar extended gains. Oil slid a second day on concern a deal over Iran’s nuclear program could see the country boost crude exports amid a global glut in the commodity. The MSCI Asia Pacific Index dropped 0.4 percent by 9:36 a.m. in Tokyo in a third day of declines, as Japan’s Topix index slipped 0.2 percent and Australian shares slid. Standard & Poor’s 500 Index futures fell 0.2 percent after the U.S. gauge snapped a four-day retreat Friday. Copper ...
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