Asian Shares Slip as US Futures Drop and Oil Falls $2

Asian Shares declined sharply on Monday as global investors reacted to a weaker mood in US stock futures and falling oil prices, sending jitters through markets from Tokyo to Hong Kong and Sydney. The sell-off swept across major indexes in Asia, with notable losses in South Korea where the Kospi plunged as much as 4.6 per cent, extending a global risk-off mood that has gripped markets following last week’s Wall Street declines and broader economic uncertainty.