20/03/2012 06:32 AST

Asian shares dropped after China increased gasoline and diesel prices for the second time in less than six weeks. Gold fell and oil snapped two days of gains in New York amid speculation supplies are rising.

The MSCI Asia Pacific Excluding Japan Index (MXAPJ) lost 0.3 percent as of 11:12 a.m. in Tokyo. The Shanghai Composite Index slid 0.8 percent, while Standard & Poor’s 500 Index futures were little changed. Australian bond yields rose while crude dropped 0.6 percent to $107.50 a barrel. Gold for immediate delivery slid 0.4 percent to $1,658.40 an ounce.

“Higher energy costs and falling profits may worry investors that the economy is slowing even further,” said Dai Ming, a fund manager at Shanghai Kingsun Investment Management & Consulting Co. in Shanghai.

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Bloomberg

Ticker Price Volume
QNBK 124.80 275,932
SABIC 100.01 2,889,924
TAWUNIYA 92.21 115,275
ALINMA 17.73 19,061,890
EEC 17.21 992,484
FAB 10.35 2,580,953
WALAA 26.57 54,241
Index Closing Change
NIKKEI 225 20,296.45 -51.03 (-0.25%)
DAX 12,592.35 -7.68 (-0.06%)
S&P 500 2,502.22 1.62 (0.06%)
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