Oil prices edged slightly higher on Friday but remained under $100 a barrel as traders weighed whether an apparent pickup in the U.S. economy could spur enough demand to offset a slowdown in China and tension in the Ukraine.
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 U.S. stock market was poised for a higher open Thursday after encouraging news on U.S. retail sales.