Oil rises but Asia struggles to recover from Black Monday rout eNCA
had capitulated on what has become known as"Black Monday", with the Dow on Wall Street plunging more than 2,000 points, triggering an emergency break in early trade.
Hong Kong rose 0.3 percent, Sydney added 1.2 percent and Singapore gained 1.4 percent and Jakarta added 2.4 percent. "Severe weakness in energy markets is quickly cascading into broader declines in commodity markets, high-yield credit, and equities," he said.
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