Market Report - Asian Stocks Down

WONG:
Asian stocks fell on Tuesday, after more trouble in the U.S. financial sector, including a ninth bank failure, reminded investors of the frail state of the global economy.
Japan's benchmark Nikkei slipped, dragged lower by Canon and other exporters.

Oil extended gains to stay above 115 dollars a barrel, supported by worries that tropical storm in the Caribbean would turn into a hurricane and disrupt oil output.

Gold rebounded from lows as rising oil spurred bargain hunting and helped the metal defy a rising dollar.

The dollar climbed towards a six-month high against the euro.

The Australian dollar extended losses to seven-month lows against the U.S. currency as fresh financial sector woes prompted selling of riskier assets.

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