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28 Aug 2013
Rising tension drag Asian markets down
FXstreet.com (Chicago) – The Syrian conflict has affected the markets throughout the world the last couple of days as market participants shift attention from Fed’s potential tapering next month to risk aversion behavior to prevent losses.
No market left behind?
In Japan, the Nikkei225 is down 1.99% while in China the Hang Seng prints 1.34% along with the Shanghai Composite down 0.71%. In Australia, the ASX All Ordinaries is down 1.04% similarly to the Taiwan TSEC 50 Index down 0.53%. The Mumbai prints large losses retreating 3.18% compared to the previous session.
International newsletters report Syrian evacuations from Damascus military base as the US still debates whether or not the country should intervene after the use of chemical mass destruction weapons last week in Syria.
Bashar Al- Assad, head of state of the Syrian Arab Republic was accused by US Secretary of State John Kerry of destroying evidence ahead of the UN team situation assessment. At the moment, no public announcement has been made in regards to what to expect next.
No market left behind?
In Japan, the Nikkei225 is down 1.99% while in China the Hang Seng prints 1.34% along with the Shanghai Composite down 0.71%. In Australia, the ASX All Ordinaries is down 1.04% similarly to the Taiwan TSEC 50 Index down 0.53%. The Mumbai prints large losses retreating 3.18% compared to the previous session.
International newsletters report Syrian evacuations from Damascus military base as the US still debates whether or not the country should intervene after the use of chemical mass destruction weapons last week in Syria.
Bashar Al- Assad, head of state of the Syrian Arab Republic was accused by US Secretary of State John Kerry of destroying evidence ahead of the UN team situation assessment. At the moment, no public announcement has been made in regards to what to expect next.