Asian stocks declined after a weak session on Wall Street, as bleak retail, manufacturing and homebuilding data added to concerns about a severe U.S.
recession. Oil steadied near its lowest in two decades. Asian stocks declined after a weak session on Wall Street, as bleak retail, manufacturing and homebuilding data added to concerns about a severe U.S.
recession. Oil steadied near its lowest in two decades. Shares from Sydney to Seoul retreated, though declines were shallower than those seen in the U.S.
overnight. Contracts on the S&P 500 also slipped after the gauge lost more than 2% on Wednesday, when all major sectors dropped.