Asian shares fell again today, as oil prices continue to weaken and affect investor sentiment.

West Texas Intermediate dropped below $28 a barrel, its lowest price since September 2003, with Brent Crude making a slight recovery at $27.85 per barrel.

Japanese markets were hit hardest, with the Nikkei 225 index seeing its sharpest one-day drop since September, down 3.71 percent. Sony fell 8 percent on the day, with Softbank Group coming close behind down 7 percent.

European markets followed suit, with the FTSE opening down and continuing to trade down over 2 percent. The DAX is also down 3.5 percent as markets continue to struggle against a slew on bad economic news.

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