Asian shares descend on US strikes on Syria

Asian shares descend on US strikes on Syria

On Friday, Asian shares dipped, while the Japanese yen soared in Asia after the recent US missile strikes on A Syrian air base, thus escalating the conflict and spooking traders worldwide.

The response turned to be immediate with the greenback sagging over half a yen in currency markets. As for gold, sovereign bonds and crude, they surged hard.

Outside Japan MSCI's broadest index of Asia-Pacific stocks lost 0.5% in short order, while the S&P 500 futures slid 0.3%.

The US military launched cruise missile strikes, responding to a recent chemical attack in a rebel-held area, as a US official informed.

Experiencing his biggest foreign policy crisis since taking office, Donald Trump took the toughest direct American action in Syria for six years, thus increasing the risk of confrontation with Iran and Russia, Assad's two major military backers.

Meanwhile, American crude ascended 85 cents, hitting $52.55 a barrel, while Brent futures surged 81 cents, trading at $55.66.

 

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