Asian markets fall after weak showing on Wall St, oil tumbles – Reuters

Asian markets fall after weak showing on Wall St, oil tumbles – Reuters

SINGAPORE, Jan 21 (Reuters) - Asian share markets and U.S. futures fell on Friday, after U.S. stocks took a knock overnight, hurt by lingering concerns over the Federal Reserve's tightening and weaker-than-expected economic and earnings data.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.8%, and Japan's Nikkei (.N225) slid 1.66%. Oil prices fell sharply and were on track for their first weekly loss this year.

"The selloff of U.S. stocks yesterday was brutal and will dominate Asia this morning," said Rob Carnell, chief economist at ING in Singapore.