DHAKA: Asian stocks opened higher after turmoil on financial markets saw European and US indexes tumble following another oil price fall.

Thursday’s gains though did not recover the losses financial markets have seen over past days, reports the BBC.

Investors remain worried over slumping oil prices and slowing growth in China.

On Wednesday, stocks had dived to their lowest levels since May 2009, with UK, French and Japanese shares falling more than 20 percent below their 2015 highs.

Wall Street was not immune either. The Dow Jones closed 1.6 percent lower after a volatile trading day had seen stocks as much as 3 percent down.

“Overnight markets in the Europe and US had a terrible day, where sentiments around a ‘drunk’ Asia spilled over,” market strategist Bernard Aw of IG explained in a note.

BDST: 1048 HRS, JAN 21, 2016
SR