Nikkei hovers near weekly lows

The Nikkei 225 edged lower on Tuesday, losing 76 points to end the day at 18,374.00, with local investors still sensible to developments in China. Japanese stocks extended their declines and hold near a fresh 2-month low, in a choppy trading session as investors were looking for fresher clues following Monday's sell-off.
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Oil closes below $36.00 a barrel

Crude oil prices reversed course on Tuesday, and WTI futures plummeted to a low of $35.82 a barrel as supply worries continue to weigh on the commodity. News that the Chinese manufacturing sector has contracted for a tenth month in-a-row, fueled concerns over diminishing demand for oil in an already oversupplied market.
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