Economic news

Asian stocks fall following slump in commodities prices

Asian shares retreated from a record peak on Wednesday following decline in crude and commodity prices.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares slipped 0.15 percent from its record peak as resource shares fell after oil and other commodities suffered from profit-taking after recent rise.

Japan's Nikkei dropped 0.4 percent from its 26-year high breached in the previous session.

South Korea's Kospi index lost 0.4 percent, while Hong Kong’s Hang Seng sank 0.3 percent.

Australia’s S&P/ASX 200 Index slumped 0.5 percent to its lowest level in a month.

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