By Daniel Hunter

Fears of slowing global growth rates and falling oil prices saw Asian shares fall on Thursday.

Crude oil prices fell as much as 5% overnight on weak US demand and Saudi Arabia reaffirming that it has no plans to curb output.

With Japan's capital spending falling for the first time in five months in October fears of global slowdown grew.

That led the benchmark Nikkei 225 to end down 0.9% to 17,257.40, pulling the index further away from the seven-and-a-half year highs hit at the beginning of this week.

The dollar was down to 118.165 yen, continuing its retreat from a seven-year high of 121.86 hit on Monday.

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