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SE Asia Stocks: Extend declines on emerging markets sell-off JAKARTA: Southeast Asian stock markets slumped on Tuesday after emerging market currencies were hit by global risk aversion, triggered by a sharp decline in the Russian rouble."Conditions in Russia pushed investors to return to holding US dollar, which hurt local currencies and stock markets in the region," said Muhamad Alfatih, an analyst with Samuel Sekuritas in Jakarta.The Russian central bank on Tuesday sharply hiked interest rates to halt a collapse in the rouble. Before the hike, the currency hit a record low on plunging oil prices and sanctions linked to the Ukraine crisis.Shares in Bangkok led the regional decline with a 2.4 percent loss led by energy and banking stocks. The index is down for the sixth consecutive session.Thai stock exchange data shows foreign investors have been net sellers in the past four sessions to Monday with a total outflow of 14 billion baht ($424.50 million).Thailand's central bank said it ...
Rouble jumps on Russia rate hike, oil pressured TOKYO: Oil prices continued to slide on Tuesday, while the rouble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The dour mood kept equities down in Asia, with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.1 percent in early trade. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed ...
Brent edges up to $62.35 after earlier crash in volatile trade SINGAPORE: Oil markets saw volatile trading in Asia on Monday as Brent prices first fell to a 5-1/2 year low after the International Energy Agency (IEA) cut its outlook and then rose on hopes of improving manufacturing data.Brent futures fell to near $60 per barrel after the IEA forecast further price falls and OPEC's chief on Sunday defended the group's decision not to cut its output target, and although prices picked up later in volatile ...
Oil prices sink further in Asian trade SINGAPORE: Oil prices sank further to new multi-year lows in Asia Tuesday, with analysts weighing the possible political and economic fallout in oil-producing countries with little respite in the selling. US benchmark West Texas Intermediate for January delivery fell 24 cents to $55.67 while Brent crude for January eased 22 cents to $60.84 in mid-morning trade -- both contracts at levels not seen since mid-2009.WTI tumbled $1.90 Monday and Brent dipped 79 cents.Crude prices have ...
Middle East Crude-Spot differentials improve amid Christmas rush  SINGAPORE: Spot differentials in the Middle East crude market continued to improve as refiners, keen to conclude buying for February cargoes before the Christmas holiday, were lured by lower official selling prices (OSP).Qatar Marine flipped into a premium of around 30 cents a barrel to its OSP, a trader said. The medium heavy grade was last month mostly sold at discounts of 30-50 cents a barrel.A South Korean refiner bought a cargo of Abu Dhabi's ...

 





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