Chinese Shares Tumble With Oil While Early Rally in Japan Fades
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Chinese stocks fell the most in almost two months as crude oil retreated, while Japanese shares pared gains in afternoon trading as Mitsubishi Motors Corp. plunged the most since 2004.
The MSCI Asia Pacific Index was little changed at 132.65 as of 4:26 p.m. in Hong Kong. The Shanghai Composite Index sank 2.3 percent, pushing a gauge of volatility up from its lowest level this year as turnover surged. Japan’s Topix index rose 0.2 percent, paring gains of as much as 1.3 percent. West Texas Intermediate crude fell 2.4 percent after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer for three days.