Most Southeast Asian stock markets traded lower on Tuesday, with the Stock Exchange of Thailand posting its biggest one-day decline in two weeks on falling oil prices.
The SET index posted the steepest fall in the region with a 1.6% drop, led by oil firm PTT Plc which fell 3.6%. The Thai stock market was closed on Monday for a public holiday.
Global benchmark Brent crude futures dropped 5.4% to $40.66 per barrel on Monday, after the Organization of the Petroleum Exporting Countries' (OPEC) policy meeting on Friday ended without an agreement to lower production.
Indonesian stocks lost 1% with coal miner PT Bukit Asam among the biggest decliners. Bucking the regional trend, the Vietnam index rose 1.9%.
Tokyo's Nikkei ended down more than 1% despite data showing Japan dodged recession in the third quarter, while Chinese stocks fell 1.8%.
Investors were still struggling for confidence after Monday's 6% plunge in oil had whacked it to its lowest level of the year and the prospect of the first US interest rate hike in almost a decade next week also loomed.
European shares opened Tuesday at their lowest level since mid-October as energy and mining stocks fell sharply again and as manufacturing figures from Britain also saw a drop.