The MSCI Asia Pacific Index lost 0.3 per cent to 118.33 as of 9:20 am in Tokyo. Global shares rallied the past three days after more than US$8 trillion was wiped from the value of equities since the start of the year amid concern growth in the world's largest economies is weaker than forecast.
Crude retreated amid bets that a pledge by the two biggest oil producing nations to freeze output won't succeed in tackling the global surplus.
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