Global Markets

SHANGHAI, Asian shares stumbled on Wednesday, giving up early gains, Reuters reported.

MSCI's broadest index of Asia-Pacific shares outside Japan reversed early gains to slip 0.14%, extending losses for the week to more than 2%.

Seoul's KOSPI slid 0.29% and Hong Kong's Hang Seng index fell 0.46%.

Japan's Nikkei was 0.6% higher after touching six-month lows a day earlier.

Chinese blue-chip shares were also higher, up 0.81%.

But European share markets were set for a slightly higher open following sharp falls early in the week.

Euro Stoxx 50 futures rose 0.16% and German DAX futures were up 0.07%. FTSE futures added 0.08%.

The S&P 500 slumped nearly 4% from highs last Wednesday to lows on Monday before rebounding.

The dollar index was last up 0.08% at 93.041, with the euro down 0.07% to $1.1771. The dollar was 0.05% stronger against the yen at 109.89.

U.S. West Texas Intermediate crude dropped 0.46% to $66.89 per barrel and Brent traded at $69.06 per barrel, down 0.42% on the day.

Spot gold shed 0.07% to $1,808.84 an ounce as U.S. yields rebounded.

Source: Saudi Press Agency

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