Asian stocks down as oil crude trades at 4-year low

<p>Asian shares fall as investors worried about oil prices and oversupply.</p>

Asian shares edged down today (November 19th) as crude traded near a four-year low, and investors speculated whether the OPEC will cut its oil production to reduce oversupply and boost prices.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $75.34 (£48.01) a barrel, down $0.30 in the Globex electronic session. 

Meanwhile, Prime Minister Shinzo Abe postponed yesterday a planned sales-tax increase, called a snap election and ordered his ministers to start preparing a stimulus package. 

Japan’s parliament will be dissolved on November 21st and the Bank Of Japan announced that it would keep its stimulus program unchanged after a surprise boost at the end of last month

"Abe's actions were in line with market expectations, which had been building for several days," said Eiji Kinouchi, chief technical strategist at Daiwa Securities, told Dow Jones Newswires.

Tokyo shed 0.32 per cent to end at 17,288.75, while Sydney dropped 0.57 per cent to 5,368.8, Shanghai lost 0.22 per cent to 2,450.99 and Hong Kong fell 0.66 per cent to 23,373.31.

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