Asian stocks followed Wall Street decline and crude oil stayed weak today as investors weighed the risks of global recession amid hawkish Federal Reserve rhetoric and uncertainty about the Bank of England's commitment to stabilising markets.
MSCI's broadest index of Asia-Pacific shares lost 0.57%, languishing close to Wednesday's half year low.
Japan's Nikkei slipped 0.48%, while South Korea's Kospi slid 1.15%.
Hong Kong's Hang Seng dropped 1%, and mainland Chinese blue chips lost 0.28%.
FTSE futures pointed to a 0.18% decline at the open, and German DAX futures signaled a 0.35% retreat.
U.S. emini stock futures offered some slight hope though, rising 0.1% following a 0.33% decline in the S&P 500 from overnight.
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