Asian Stocks Decline on Lower Oil Price

Asian stocks were lower as US oil traded under $45 per barrel while bonds moved forward. The kiwi dollar was close to a low in four years as FOMC policy makers showed a bit of indecision regarding interest rates.

MSCI Asia Pacific slipped 0.5 percent in Tokyo trading as the Japanese gauge slumped 0.8 percent. Energy producers lost 0.8 percent as crude was near a six-year trough. Futures at Dow Jones Industrial Average gained 0.3 percent while 10-year yields on Aussie bonds went down to a record low. Meanwhile, NZ rates dropped 15 basis points.

Chinese index futures waned 1.8 percent during recent trading in Singapore trading due to concerns over regulatory examination of margin loans.

WTI crude plunged nearly four percent as showed that US supply is at the highest in over three decades. Again, this aggravated concerns of oversupply in world markets.

The Federal Reserve recognized global hazards in its policy statement emphasizing it will consider reports on global developments while contemplating on the matter of keeping rates close to zero.

Rates on the debt of the Aussie government dropped to 13 basis points or a low of 2.47 percent while maturity yields in New Zealand fell 3.17 percent.