Asian stocks were seen tumbling on Friday after a Malaysian Airlines plane was shot down on the Russia/Ukraine boarder.
Asian Stocks
The Japanese benchmark Nikkei 225 index fell 1.01%, ending at 15,215.71, while Tokyo’s Topix index slid 0.96%, to end at 1,261.28.
The Japanese motorcycle and marine product manufacturer Yamaha, saw losses as shares slid 3.93%, while Unitika climbed 4.4% and Fujitsu gained 1.30% on reports that the company would halt its chip-fabrication business.
Hong Kong’s Hang Seng index lost 0.49% to 23,400.05 at the time of writing, while the Chinese mainland Shanghai Composite declined 0.02% to 2,055.88.
In China, the casino operator Sands China dropped 2.06%, while the property developer China Overseas shares rose 1.23%.
The South Korean Kospi index lost 0.18%, ending at 2,017.27, while Australia’s benchmark S&P/ASX 200 index gained 0.02% to 5,523.50.
In Sydney, the freight logistics company Asciano gained over 4% after the company said it is in discussions to sell part of its terminals and logistics business division. Meanwhile, the Australian mining and materials company Arrium plunged 4.60%.
Geopolitical tensions
The Malaysian Airline shares tumbled 11% on Friday after reports that the Malaysian Airline flight MH17 from Amsterdam to Kula Lumpur was shot down by Russian military at approximately 2:15pm GMT on Thursday.
Both Ukraine and Russia have been blaming each other over the jet crash as the separatists denied the accusation.
“We do not exclude that this plane was shot down, and we stress that the Armed Forces of Ukraine did not take action against any airborne targets,” Ukraine President Petro Poroshenko said on Thursday after the crash.
Meanwhile in Gaza, Israel continue to add tension as troops from Israel moved into Gaza, killing more than five people, according to reports.
European Stocks
Stocks in Europe extended losses as the rising tensions between Ukraine and Russia weigh on global equities.
The European Euro Stoxx 50 fell 0.40% to 3,145.30, while the German DAX edged 0.70% lower to 9,685.28 at the time of writing. At the same time, the French CAC 40 lost 0.33% to 4,301.79 and UK’s benchmark FTSE 100 declined 0.57% to 6,716.62.
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Asian stocks were seen tumbling on Friday after a Malaysian Airlines plane was shot down on the Russia/Ukraine boarder.
Asian Stocks
The Japanese benchmark Nikkei 225 index fell 1.01%, ending at 15,215.71, while Tokyo’s Topix index slid 0.96%, to end at 1,261.28.
The Japanese motorcycle and marine product manufacturer Yamaha, saw losses as shares slid 3.93%, while Unitika climbed 4.4% and Fujitsu gained 1.30% on reports that the company would halt its chip-fabrication business.
Hong Kong’s Hang Seng index lost 0.49% to 23,400.05 at the time of writing, while the Chinese mainland Shanghai Composite declined 0.02% to 2,055.88.
In China, the casino operator Sands China dropped 2.06%, while the property developer China Overseas shares rose 1.23%.
The South Korean Kospi index lost 0.18%, ending at 2,017.27, while Australia’s benchmark S&P/ASX 200 index gained 0.02% to 5,523.50.
In Sydney, the freight logistics company Asciano gained over 4% after the company said it is in discussions to sell part of its terminals and logistics business division. Meanwhile, the Australian mining and materials company Arrium plunged 4.60%.
Geopolitical tensions
The Malaysian Airline shares tumbled 11% on Friday after reports that the Malaysian Airline flight MH17 from Amsterdam to Kula Lumpur was shot down by Russian military at approximately 2:15pm GMT on Thursday.
Both Ukraine and Russia have been blaming each other over the jet crash as the separatists denied the accusation.
“We do not exclude that this plane was shot down, and we stress that the Armed Forces of Ukraine did not take action against any airborne targets,” Ukraine President Petro Poroshenko said on Thursday after the crash.
Meanwhile in Gaza, Israel continue to add tension as troops from Israel moved into Gaza, killing more than five people, according to reports.
European Stocks
Stocks in Europe extended losses as the rising tensions between Ukraine and Russia weigh on global equities.
The European Euro Stoxx 50 fell 0.40% to 3,145.30, while the German DAX edged 0.70% lower to 9,685.28 at the time of writing. At the same time, the French CAC 40 lost 0.33% to 4,301.79 and UK’s benchmark FTSE 100 declined 0.57% to 6,716.62.
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