Tokyo — Asian stocks sagged on Tuesday, weighed down by a sharp decline in crude oil prices as Libyan ports reopened.The dollar steadied ahead of US Federal Reserve chairman Jerome Powell’s first congressional testimony.Overnight on Wall Street, the Dow Jones industrial average edged up 0.2% but the S&P 500 lost 0.1% as energy shares were hit by the drop in oil that offset a jump in financials.MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.5% lower, following two sessions of gains.Chinese shares extended losses after dropping the previous day on soft economic data. The Shanghai composite index fell 0.7% and Hong Kong’s Hang Seng dropped 0.9%.Australian stocks fell 0.4% and South Korea’s Kospi lost 0.2%. Japan’s Nikkei bucked the trend and rose 0.5%. Brent crude futures were 0.65% higher at $72.32 a barrel after the previous day’s more than 4% fall. US crude bounced 0.05% to $68.10 a barrel after shedding 4.1% on Monday."Crude has been rising steadily so some kind o...
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