Asian stock markets suffered a sell with sentiment hit by a brutal terrorist attack in Paris. Analysts said this condition would likely have a significant impact in the short term on the stock exchange.
Gold and Yen drove Safe-haven with increasing geopolitical risk that triggers a preference in safe assets. While crude oil prices also briefly rose after France and the United States launched an air strike on Syria.
Only China's Shanghai composite stock index which managed to cut the decline, closed up 0.7%. Hong Kong's Hang Seng index tumbled with investors digested the announcement of the China Securities Regulatory Commission (CSRC) after the market close on Friday that the financial margin requirement will be increased to 100% from 50%, effective beginning November 23.
Japan's Nikkei 225 index fell but the expectations for additional stimulus from the Bank of Japan (BOJ) to help erase some losses due to risk-aversion sentiment after the tragedy in Paris. South Korea's Kospi index closed down about 1% with the biggest losses hit shares aviation and tourism sector.
http://www.monexnews.com
Post a Comment