Tokyo — Asian shares were led lower on Thursday as the Hong Kong market fell for second consecutive session following a day of massive street protests, while oil prices flirted with five-month lows due to higher US crude inventories and a bleak demand outlook.

Hopes that the US and China will clinch a deal on the sidelines of a G20 summit meeting in Osaka on June 28-29 have been fading, also hurting sentiment and driving bond yields down...

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