Asian stocks slide

Asian stock markets slid Wednesday, according to Associated Press.

The Shanghai Composite Index lost 0.5% to 3,230.46 and the Nikkei 225 in Tokyo fell 1.1% to 30,619.21. The Hang Seng in Hong Kong shed 0.9% to 19,260.11.

The Kospi in Seoul retreated 0.2% to 2,562.60 and Sydney’s SandP/ASX 200 lost 0.5% to 7,222.60.

In energy markets, benchmark US crude rose 76 cents to $73.67 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oil, gained 70 cents to $77.54 per barrel in London.

The dollar edged down to 138.46 yen from Tuesday’s 138.48 yen. The euro edged up to $1.0778 from $1.0776.

Source: Saudi Press Agency