Asia Stocks Drop With Oil on Global Growth; Gold at Two-Year Low
Tuesday, April 16, 2013 2:22
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April 16 (Bloomberg) — Asian stocks fell for a second day and Brent crude traded below $100 for the first time since July on signs growth is losing momentum in the U.S. and China. Gold touched a two-year low after the biggest slide in three decades.
The MSCI Asia Pacific Index slid 0.3 percent as of 12:04 p.m. in Hong Kong. Futures on the Standard & Poor’s 500 Index gained 0.5 percent, after the gauge slumped 2.3 percent yesterday. Brent crude was down 1.3 percent at $99.05 a barrel in London. Gold hit $1,321.95 an ounce, the lowest since January 2011, after a 9.1 percent plunge yesterday. The yen fell for the first time in four days and Australia’s dollar rose.
