(MENAFN– ecpulse)
Although the worries over Syria eased after British parliament rejected a military strike against Syria, the US administration is still leaning in favor of an air-strike, probably as soon as the US inspectors leave Syria on Saturday.
UK’s decision may delay a strike on Syria and leaves Obama exposed, complicating his efforts of convincing his own people, if the UN inspectors find Bashar al-Assad’s regime responsible for last week’s chemical attack on civilians.
- The MSCI Asia Pacific Index rose 0.2% to 130.05 as of 15:19 in Tokyo
Several emerging markets continued to recover slightly from their recent losses although concerns persisted that better-than-expected US data yesterday may support the Federal Reserve`s plan to reduce its bond buying program that support growth.
The decline in oil prices after Britain said it wouldn`t get involved in military action against Syria dragged energy stocks lower, while India’s benchmark gained 0.2% after the rupee rebounded on Thursday off its recent record lows.
In Japan the benchmark index dropped after the yen strengthened, pulling exporters lower. In Australia, the rise in banks helped support the index despite the despite disappointing results from Virgin Australia. In South Korea Samsung led the gains.
- Nikkei 225 closed 0.53% lower at 13388.86
- Topix closed 0.94% lower at 1106.05
- The S&P/ASX 200 closed 0.84% higher at 5134.06
- Kospi closed 0.99% higher at 1926.36
- China’s CSI 300 Index closed 0.19% lower at 2313.91
- Hong Kong’s Hang Seng closed 0.12% higher at 21731.37
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