Business News: Asian Shares Edge Down, Taking Cue from Wall Street


Asian shares fell on Thursday following a dismal day on Wall Street, while crude oil futures gave back some of their overnight gains after jumping on an unexpected fall in U.S. crude inventories.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2 percent in early trading, in the wake of the worst day for U.S. share markets since February, following downbeat quarterly retail reports.
All of the 10 major S&P 500 sectors fell except for utilities, which gained 0.24 percent. Japan’s Nikkei stock index percent skidded 0.9 percent.