Asian equities were mixed on Monday as a spike in new coronavirus infections across the planet forced governments to impose fresh containment measures, fuelling fears about the stuttering economic recovery.

Stock markets in the Gulf fell sharply in line with global bourses in morning trade on Wednesday as investors faced up to a shock win by Donald Trump in the US presidential election.

Global stock markets spiralled downwards Wednesday with Europe following Asia lower as investors fretted over growing fears of a Donald Trump presidency.

Oil prices slumped on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets edged higher.

Oil futures fell in Asian trade as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment. But another fall in US oil output in January helped to limit the losses.