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Business / Stock Market

Asian shares mixed as Yemen crisis hits sentiment

Published: 27 Mar 2015 - 10:44 am | Last Updated: 15 Jan 2022 - 04:44 pm


Hong Kong - Asian markets were mixed on Friday in edgy trade as investors track the crisis in Yemen, with fears that unrest in the country could turn into a wider Middle East conflict.

Wall Street provided another negative lead while the euro struggled to regain its recent strength after tumbling in New York from levels above $1.10 earlier in the day.

Oil price also dipped a day after surging in reaction to the unrest in Yemen.

Tokyo tumbled 0.95 percent, or 185.49 points, to finish at 19,285.63 and Seoul fell 0.14 percent, or 2.76 points, to 2,019.80, while Hong Kong fell 0.15 percent.

However, Sydney added 0.69 percent, or 40.84 points, to close at 5,919.9 following a heavy fall Thursday, while Shanghai ended up 0.24 percent, or 9.00 points, at 3,691.10 on hopes for more Chinese stimulus.

US traders ran for the sidelines Thursday after Saudi Arabian jets targeted rebel positions as part of its support of Yemen's president, who fled his presidential complex the previous day after it was attacked by a warplane.

Iran condemned the action by a Saudi coalition of regional Sunni nations, which has exacerbated longstanding Saudi-Iranian tensions. 

Saudi Arabia, the world's top crude producer, also ramped up security along its borders and across the kingdom, including at oil facilities.

In New York the Dow eased 0.23 percent, the S&P 500 dropped 0.24 percent and the Nasdaq lost 0.27 percent.

AFP