Monday, 16 November 2015

Paris attacks spark sell-off in Asian stocks

Asian stocks were hit by a sell-off early Monday, with sentiment badly dented by Friday's brutal terrorist attacks in Paris. 
The attacks, which occurred across seven locations, leaving 132 people dead and hundreds more injured, will likely have a "short, sharp effect" on equity markets, analysts say.
 "The horrific events in Paris on Friday are likely to have a short, sharp effect in markets but in the long-term, real effects are more likely to influence political risk than the markets themselves," IG's market strategist Evan Lucas wrote in a note issued early Monday.

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