US oil bounces after crash but stocks in Asia suffer big losses


A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange on Tuesday (April 21). Asian shares skidded on Tuesday after US oil futures plunged below zero as storage for crude runs close to full amid a worldwide glut as demand collapses due to the pandemic. - AP

HONG KONG: US crude prices bounced back on Tuesday (April 21) but were unable to keep in positive territory, a day after crashing below US$0 for the first time owing to crippled demand and a storage glut, while the commodity rout sent equities sharply lower.

Investors have also been spooked by US reports that North Korean leader Kim Jong-un had undergone cardiovascular surgery earlier this month and was in "grave danger".

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Asia , Stocks , Down , Oil , Negative Dollar

   

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