Epic Research Update : Asian Markets

Asian shares were on the back foot on Wednesday as a nascent recovery in the oil market lost momentum after Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts by major producers anytime soon.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, slipping further from Monday’s six-week high while Japan’s Nikkei shed 1.4 percent.

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Posted in: Indian Market Tips