World Bulletin / News Desk
Most Asian markets fell on Monday after a US-led strike on Syrian targets fuelled fresh concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate.
While there was broad support for the mission, Moscow condemned it as illegal and warned it would provoke "chaos" in international relations.
The Syria crisis, which has seen the West's relationship with Russia grow increasingly frosty, has encompassed other regional players including Iran, Saudi Arabia and Israel, and led to talk of a military standoff.
It also comes against the backdrop of a trade dispute between the United States and China. Many fear this could hammer the global economy if the two sides push through threatened tit-for-tat tariffs on billions of dollars' worth of goods.
Most markets were down on Monday but the losses were limited.
Hong Kong fell 1.6 percent, while Shanghai had slipped 1.5 percent at the close, with traders there awaiting the release Tuesday of first-quarter Chinese growth data.
Property firms in Hong Kong took a hit on fears of an end to the era of low-interest rates as the city's de facto central bank was forced to support the local dollar, which is at 7.85 to the greenback, the lowest end of its band with the US unit.
The Hong Kong Monetary Authority has spent about US$1.7 billion boosting the currency, which has been hit by a flow of cash out of the city to the United States in search of higher interest rates.
Chang Liu, China economist at Capital Economics, warned there was a concern that the HKMA's move would raise interest rates in the city, which could hammer the property market -- among the world's most expensive -- and have a knock-on effect for the economy.
Singapore fell 0.2 percent, while Wellington and Taipei also declined.
Greece posts highest ratio of government debt to GDP at 180 pct in first quarter
July’s export figure important to catch country's target of $173 billion for 2018, head of exporters' assembly says
COMESA Summit 2018 final communique urges ratification of tripartite free trade agreement
Turkey produced 18.9M tons of crude steel in Jan-June, says country's steel producers association
Property sales to foreigners see yearly increase of 23 pct from January to June, according to official report
US uranium production dropped from 49 percent in 1987 to 5 percent today
Chileshe Kapwepwe from Zambia becomes first woman to head trade bloc
Last month, inflation among EA19 countries rose to 2 percent, up 1.3 percent from same month last year, says Eurostat
BIST 100 climbs 0.10 pct, while Turkish lira gains value against foreign currencies
Nearly 8.5 million new passenger cars were registered in EU in first half of 2018, says manufacturers' association
Economic partnership agreement is biggest ever negotiated by EU and will create an open trade zone
BIST 100 rises 0.08 pct; US dollar/Turkish lira exchange rate stands at 4.8420
The dollar was up versus the yen but down against the euro and pound, with all eyes on US President Donald Trump's summit with Russian counterpart Vladimir Putin in Helsinki.
Tax revenues totals nearly $72.1 billion while interest payments amounts to over $8.2 billion in January-June period
BIST 100 rises over 700 points; USD/TRY exchange rate stays at 4.8360