Asia stocks slip as crude hits highest since May
Asian equities traded lower: Hang Seng fell 1.3%, Shanghai Composite dropped 0.4%, STI slipped 0.7% and KOSPI declined 0.3%, while the Nikkei rose 0.2%. The move followed crude reaching its highest level since May.
"Global equity markets moved onto the defensive on Thursday as another leg higher in crude sharpened the market’s inflation anxiety and tightene…