{"id":41418,"date":"2013-08-28T06:37:56","date_gmt":"2013-08-28T10:37:56","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41418"},"modified":"2013-08-28T06:37:56","modified_gmt":"2013-08-28T10:37:56","slug":"asian-equities-dragged-lower","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/28\/asian-equities-dragged-lower\/","title":{"rendered":"Asian Equities Dragged Lower"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The geopolitical fears in the Middle East dragged Asian equities lower for the second day in a row, as investors\u2019 fears over the possibility of a military intervention in Syria. An air missile strike against the country is expected to come as soon as Thursday, security analysts warned.<\/p>\n

Analysts warned that the ongoing conflict and development in shares could be a risk to the global market, with possible bigger trembles in the global market yet to come..<\/span><\/p>\n

“Any potential change in the balance of power in Syria\u2019s civil war poses a new uncertainty for financial and commodity markets, but it doesn\u2019t immediately threaten the global economy. The losses were spread across sectors in multiple markets, with internationally exposed firms in Japan also suffering because of the stronger yen,” a Wells Fargo analyst Paul Christopher said in a note on Tuesday.<\/p>\n

Asian Equities \u2013 Conflict in Syria <\/span><\/h2>\n

The geopolitical instability in the Middle East, especially in Syria and Egypt added to the firming safe-haven yen, as the strong yen hurts Japanese exporters.<\/p>\n

A group of nations including US, UK, France and Canada hinted they are considering military intervention on suspicion that the chemical weapons may have been used against civilians by the Syrian government.<\/p>\n

\u201cThis is not about wars in the Middle East; this is not even about the Syrian conflict,\u201d British Prime Minister David Cameron said yesterday. \u201cIt\u2019s about the use of chemical weapons and making sure, as a world, we deter their use,\u201d he added.<\/p>\n

Earlier this week, the US Defense Secretary Chuck Hagel said that the military may have to intervene and take action against the Syrian government.<\/p>\n

The Japanese benchmark Nikkei 225 fell 1.51% to 13,338.46 points. While shares in the region were hit by strengthened yen, dropping 0.23% to \u00a597.24 at the time of writing.<\/p>\n

Tokyo\u2019s broader Topix index dropped 1.76% lower at 1.114.03 points.<\/p>\n

Losses were seen in the session in China, with Hang Kong\u2019s Hang Seng retreating 1.63% to 21,518.00 points and China\u2019s mainland Shanghai composite lost 0.11% lower at 2,101.30 points.<\/p>\n

 <\/p>\n

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The post Asian Equities Dragged Lower<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The geopolitical fears in the Middle East dragged Asian equities lower for the second day in a row, as investors\u2019 fears over the possibility of a military intervention in Syria. An air missile strike against the country is expected to come as soon as Thursday, security analysts warned. Analysts warned … <\/p>\n

Continue reading “Asian Equities Dragged Lower”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41418","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41418"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}