Libya crisis hits Asian markets

Agencies Mumbai | Updated on November 12, 2017

Asian shares fell on Monday as the worsening situation in Libya stirred renewed concern about disruptions to oil production.

In Libya, armed rebels who have seized control of Zawiyah, close to the capital Tripoli, were preparing for a counter-attack as the Libyan leader, Mr Muammar Gaddafi, vowed to cling on to his 41-year-old rule.

Japan’s Nikkei 225 fell 65.65 points or 0.62 per cent to 10,461.11. Hong Kong’s Hang Seng shed 58.36 points or 0.25 per cent to 22,954.01. Singapore’s Straits Times declined 23.94 points or 0.79 per cent to 3,001.22.

South Korea’s Kospi dropped 21.2 points or 1.08 per cent to 1,942.23. Australia’s S&P/Asx 200 was down 10.5 points or 0.22 per cent at 4,826. China’s Shanghai Composite was up 1.39 points or 0.05 per cent to 2,879.96.

Published on February 28, 2011

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