Stocks under pressure after biggest quarterly drop since 2008

Stocks under pressure after biggest quarterly drop since 2008

NEW YORK (Reuters) - Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002.. FTSE China A50 futures in Singapore were down 0.85% and Japan's Nikkei fell 1.86% in early trade.. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.35% in early trade.. Crude oil benchmarks ended a volatile quarter with their biggest losses in history, with both U.S. and Brent futures hammered throughout March due to the pandemic and the eruption of the Saudi-Russia price war.. Crude futures ended the quarter down nearly 70% after record losses in March.. U.S. crude fell 31 cents to $20.17 a barrel and May Brent crude futures ended 2 cents lower at $22.74 a barrel ahead of expiration..