Tuesday 26 January 2016

MIDEAST STOCKS-UAE, Qatar trade lower as oil turns south | Reuters

MIDEAST STOCKS-UAE, Qatar trade lower as oil turns south | Reuters:

"Stock markets in the United Arab Emirates and Qatar fell in early trade on Tuesday, following Asian shares lower as oil prices broke below the $30 a barrel mark.

Brent fell 3.0 percent to $29.58 a barrel in Asian trade, as fresh worries about oversupply from top producers Saudi Arabia and Iraq spooked the market.

Japan's Nikkei fell 2.3 percent while Hong Kong's Hang Seng Index fell 1.9 percent, with MSCI's broadest index of Asia-Pacific shares outside Japan falling 1.1 percent after two days of gains since late last week."



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