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Asian markets drop in wake of Paris terror attacks |
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hachiban08
Senior Moderator Joined: December 06 2007 Location: California, USA Status: Offline Points: 15627 |
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Posted: November 15 2015 at 5:46pm |
Asian markets drop in wake of Paris terror attacksHONG KONG (CNNMoney) —Markets in Asia were sliding Monday morning, looking ahead to what's expected to be a rough day for global stocks after the deadly terrorist attacks in Paris. At least 129 people were killed, and more than 350 wounded, on Friday in the worst attacks France has experienced since World War II. Both Japan's Nikkei and Korea's Kospi opened 1.4% lower. Australia's ASX All Ordinaries was also falling, down nearly 1% in morning trading. Stocks in Japan fell after the government said the economy contracted by an annualized 0.8% in the third quarter. The report officially puts Japan back into recession. Even still, Japan's central bank is unlikely to announce more stimulus at the end of a policy meeting this week, Marcel Theliant of Capital Economics wrote in a research note. Any such announcement isn't expected until early next year, he said. Markets in the Middle East dropped sharply in Sunday trading. The Saudi Arabia Tadawul index dropped 2.8%, while Dubai DFM closed 3.7% lower. Egypt's benchmark EGX index lost 4.2% on Sunday. In France, the benchmark Paris CAC is set to opened as normal on Monday, but under tight security. |
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Be prepared! It may be time....^_^v
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