Asian shares down, Apple results weigh, China data eyed
Earlier on Thursday, South Korea said its economy grew 0.4 percent in the fourth quarter of 2012 on a quarterly basis. But it fell short of around 0.8 percent growth that the Bank of Korea had projected as recently as in October, underscoring a delayed global recovery due to persistent uncertainties hobbling the major economies.
The International Monetary Fund said on Wednesday an unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014.
U.S. crude futures dropped 1.5 percent on Wednesday after a key oil pipeline reduced the volume flowing through it, raising concerns inventories at the Midwest delivery point for the contract might swell further. But Brent crude rose on supportive economic data. U.S. crude was up 0.3 percent at $95.53 a barrel early on Thursday.
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