MANILA, Philippines (AP) — Asian stock markets sank Wednesday as recent falls in Chinese copper and iron prices added to jitters that the world's No. 2 economy is continuing to slow.
Hong Kong's Hang Seng was down 1.6 percent at 21,916.59 and China's Shanghai Composite dropped 0.6 percent to 1,989.12. South Korea's Kospi shed 1.2 percent to 1,940.12.
The price of oil rose above $98 per barrel on Thursday after plunging the day before on concern China's economic slowdown is deepening.
The U.S. stock market was headed for a lower open Wednesday as concerns about China's economic outlook weighed on investors.