Global Markets React to Softening Jobs Market and Sliding Crude Oil Prices

Asian shares fell as Wall Street retreated and crude oil prices slipped due to concerns of oversupply. China reported a 0.5% increase in exports in November, the first year-on-year increase since April, but imports fell. Energy stocks and Big Tech stocks had the worst drops on Wall Street, while travel-related companies and airlines advanced. British American Tobacco shares sank after announcing a non-cash hit due to a drop in the value of its U.S. cigarette brands. The Federal Reserve's next meeting is expected to leave interest rates unchanged. Treasury yields were generally lower, and the U.S. dollar fell against the Japanese yen.