TOKYO: Asian stocks slipped on Wednesday after weaker crude oil prices took a toll on Wall Street, while the euro kept big gains after enjoying a boost from robust German economic growth.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.16 percent.Australian stocks dropped 0.48 percent and South Korea's KOSPI shed 0.5 percent. Japan's Nikkei lost 0.8 percent. "The decline by U.S. equities led by energy shares is having a knock-on effect, dampening sentiment in sectors related to energy and industry," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management in Tokyo. "Broadly speaking equities had enjoyed an almost uninterrupted run for the past few months, so we are seeing a bit of a correction finally emerging. "All three major U.S. stock indexes dipped on Tuesday as an extended drop in crude oil prices hit energy shares and as General Electric plunged for a second straight day.

Source: The Star November 15, 2017 00:33 UTC