Asia petchem shares tumble; global stocks slump on poor sentiment

摘要

SINGAPORE (ICIS)--Shares of petrochemical firms in Asia tumbled on Thursday morning as global equities are taking a beating from the bearish market sentiment, with oil prices trading near 12-year lows. At midday, Japan’s JX Holdings plunged 3.66%, Asahi Kasei slumped 4.12%, Nippon Shokubai was down 1.87%, Mitsubishi Chemical fell 3.85% and Mitsui Chemicals declined 3.18%.