Asia shares hit, oil dips

(01:22) Report

Nov 7 - Asian shares mostly declined as global recession fears and Wall Street's worst two-day tumble since 1987 sparked selling across the region, although policy moves in some nations erased losses.

Oil briefly fell below $60 a barrel, while Toyota plummeted again as bleak earnings news and rapidly evaporating U.S. demand hit the world's No.1 carmaker.

Dan Sloan reports.

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