Tuesday , 6 December 2016
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Asian markets mostly fell, Asian shares down again in Iraq

Asian markets mostly fell, Asian shares down again in Iraq

Asian markets mostly fell, Asian shares down again in Iraq
Asian markets mostly fell, Asian shares down again in Iraq

HONG KONG: Asian markets mostly fell Friday, following another Wall Street sell-off as oil prices shot up to a nine-month high on concerns about the growing crisis in Iraq.

Assets considered safe options in times of uncertainty also benefited, with gold up and the yen holding on to healthy gains seen in US trade.

Investors are also awaiting the release of Chinese indicators and the end of a Bank of Japan policy meeting later in the day.

Tokyo fell 0.78 percent, Sydney tumbled 0.94 percent and Seoul sank 1.00 percent but Hong Kong added 0.14 percent and Shanghai was flat.

New York´s three main indexes took a hit Thursday on news that Iraqi militants were pushing towards Baghdad after capturing a town to the north.

The Dow fell 0.65 percent and the S&P 500 lost 0.71 percent — both having hit record highs earlier in the week — and the Nasdaq sank 0.79 percent.

US President Barack Obama raised the prospect of possible air strikes when he said his national security team “is looking at all the options”.

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