Markets am: ‘Risk off’ as Syria fretting adds to EM rout, Lira h...

 
 
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Wednesday August 28 2013
 
 
Markets
 
'Risk off' as Syria fretting adds to EM rout
 
Nervous investors flee equities for safer havens as prospect of western military action in Syria sends risk aversion ripples through global markets
 
 
 
Lira hits new low as EM concerns intensify
 
Sustained selling hits many emerging market currencies, pushing both the Indian rupee and the Turkish lira to fresh record lows against the dollar
 
 
Rupee suffers worst one-day fall in 20 years
 
Indian currency sinks through Rs68 to the dollar in its worst one-day fall in more than 20 years as investors demonstrate lack of confidence
 
 
British Airways owner hit by jet fuel climb
 
IAG lost 4.8 per cent to 300.5p as the threat of a US-led military intervention against Syria lifted jet fuel prices to a six-month high
 
 
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Video
 
War and investment
 

As the drumbeat for western intervention in Syria grows louder, James Mackintosh, investment editor, looks at how rumours of war can feed the prices of oil and weaponry.

 
 
 
 
 
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