By: Economic & Finance Report
Asian stocks took a severe hit today as China economic woes continued to spiral downward. Japanese markets and Chinese markets went lower Thurs because of anxiety toward China’s economy. Oil prices also declined adding more frustration to already turbulent situation.
US crude declined more then 4%, while Brent crude price declined more then 3% for the entire trading day. Asian markets turbulent market conditions have become common late last year and early this year, and the trend probably will continue throughout the second quarter.-SB