SINGAPORE: Asian shares touched multi-year highs yesterday, in line with Wall Street, as a 7.4% crude oil price slump and strong US economic data swept aside export worries even as the dollar hit a new low against the euro.
US crude prices fell more than US$3.50 a barrel overnight for their biggest slide in three years on a larger-than-expected increase in US fuel stocks, but they steadied above US$45 a barrel in Asian trade.
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