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Asian markets mostly slipped on Tuesday, following a sell-off in Europe and the United States, as oil prices plunged to more than five-year lows and data indicated Chinese manufacturing activity shrank in December.
The dollar and euro edged lower against the yen after losing pace Monday owing to the uncertainty caused by the weak crude, which has increased pressure on Russia's economy, spooking investors.
Tokyo tumbled 1.80 per cent, Hong Kong lost 0.65 per cent, Sydney slipped 0.39 per cent and Seoul was 0.62 per cent lower, while Shanghai rose 0.55 percent.
In China, banking giant HSBC said its preliminary index of manufacturing activity came in at 49.5 this month, compared with 50 in November. Anything below 50 points to contraction and anything above shows growth.
MALAYSIA share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 8.43 points to 1688.74.
Volume was 26.15 million lots worth RM10.88 million.
Losers outnumbered gainers 160 to 28.
MALAYSIAN shares ended lower on Monday with the Kuala Lumpur Composite Index slipping 31.17 points to close at 1,701.82.
Some 2.06 billion lots, valued at RM2.32 billion were traded. Gainers numbered 66 while losers numbered 1,010.
Nymex reformulated gasoline blendstock for January RBF5, +0.88% --the benchmark gasoline contract--rose 2 cents to $1.6132 a gallon, while January diesel traded at $2.0374, 214 points higher.
ICE gasoil for January changed hands at $565.25 a metric ton, down $0.75 from Friday’s settlement.
January platinum PLF5, -0.52% fell $4, or 0.3%, to $1,227.50 an ounce, while March palladium PAH5, -0.47% shed $5.15, or 0.6%, to $811.40 an ounce. High-grade copper for March delivery HGH5, -0.17% held steady at $2.93 a pound.
