Asian markets staged a mild recovery Wednesday, but traders remained nervous after oil prices hit new five-and-a-half-year lows and Greek political turmoil sent the euro skidding.More losses on Wall Street and in Europe kept investors on edge as they awaited the release of US Federal Reserve minutes later in the day and jobs data on Friday.
Tokyo added 0.54 per cent by the break, Hong Kong was flat, Shanghai gained 0.51 per cent and Seoul put on 0.18 per cent while Sydney was 0.40 per cent lower.
"With the US markets again under pressure, the lead for Asia looks bleak," Evan Lucas, a markets strategist in Melbourne at IG, told Bloomberg News. "Until oil finds bottoms, the markets will remain in a downward trajectory." Global stock markets have been routed at the start of the year as oil prices continue to slump - losing more than 50 per cent since June - and dealers take profits after some healthy gains in 2014.
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