02-02-2016 02:00 via news.yahoo.com

Asian shares slip as crude resumes drop

By Lisa Twaronite TOKYO (Reuters) - Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan's Nikkei slipped 0.7 percent. U.S. crude oil was down about 0.8 percent at $31.38 a barrel after skidding as much as 7 percent overnight, pressured by weak economic data from China, a U.S. forecast for mild
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