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Asia Region Slumps as Oil Jumps

Asia-Pacific markets closed lower as oil prices rose

In Japan, the Nikkei 225 shed 548.27 points, or 0.9%, to 70,035.71

In Hong Kong, the Hang Seng Index dipped 150.06 points, or 0.6%, to 24,130.50.

In other markets;

Markets in Shanghai remained closed for the Golden Week holiday.

In Korea, the Kospi declined 137.49 points, or 2%, to 6,303.90.

In Taiwan, the Taiex let go of 16.18 points, or 0.03%, to 49,806.37.

In Singapore, the Straits Times index fell 93.1 points, or 1.6%, to 5,608.44.

In New Zealand, the NZX 50 inched down 16.08 points, or 0.1% to 13,684.04.

In Australia, the ASX 200 gave back eight points, or 0.1%, to 8,727.68