Stocks slide, oil holds gains on Middle East, economy concerns

Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day’s rally.

Disappointing corporate reports from US tech titans added to the sense of gloom among investors, while the burst of optimism that greeted China’s massive spending pledge this week began to fade.

Legit : Read More