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Stocks mixed, oil down as markets await news on Saudi plant

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World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend.

Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its recent political turmoil.

The U.S. and international benchmarks for crude fell back slightly after vaulting more than 14% overnight due to an attack on Saudi Arabia's largest oil processing plant. Crude prices jumped 14% on Monday, comparable to a 14.5% jump on Aug. 6, 1990, following Iraq's invasion of Kuwait. The Shanghai Composite index shed 1.7% to 2,978.12 and Hong Kong's Hang Seng slipped 1.2% to 26,790.24.

 

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