Asia stocks little changed as oil prices continue to fall

Stocks in Asia were little changed on Tuesday as oil prices continued to slip following an overnight plunge on fears that global storage capacity will soon be full as a result of weak demand caused by the coronavirus pandemic.

In Hong Kong, the Hang Seng index added 0.87 percent, as of its final hour of trading.

Mainland Chinese stocks edged lower on the day, with the Shanghai composite down 0.19% to about 2,810.02 and the Shenzhen composite dipping 0.316% to around 1,732.56.

In Japan, the Nikkei 225 closed fractionally lower at 19,771.19 while the Topix index ended its trading day 0.13% higher at 1,449.15. South Korea’s Kospi closed 0.59% higher at 1,934.09.

Over in Australia, the S&P/ASX 200 shed 0.16% to close at 5,313.10.