Asian shares slip on slowdown fears; oil slide deepens

By Andrew Galbraith and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Asian shares fell for a second straight session on Friday as worries about the Russia-Ukraine war and risks of recession punctured their rally, while plans to release oil reserves had crude prices heading for a sharp weekly drop. In Tokyo, the Nikkei was down 0.4% and set for a 1.5% weekly fall, while MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.6% lower. S&P 500 futures and European futures were last up 0.2%. Oil prices slid further following Thursday’s announcement of huge releases from U.S. strategic re…

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