Asian stocks unsettled by Syria jitters; oil rises
SYDNEY (Reuters) – Asian stocks slipped on Tuesday, while Brent crude held near a five-month high after the United States signaled possible military action against the Syrian government over a suspected chemical weapons attack.
Heightened geopolitical tensions coupled with uncertainty over whether the U.S. Federal Reserve will begin to withdraw stimulus next month were likely to keep investors sidelined, analysts said.
MSCI’s broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> dipped 0.4 percent, reversing Monday’s rise. Tokyo’s Nikkei (NIK:^9452) fell 0.7 percent, while the safe-haven yen edged higher.
“There’s some possibility of another volatile day if speculators decide to attack the market, as the volume is likely to remain very low,” said Mitsushige Akino, chief fund manager at Ichiyoshi Asset Management.
“Most investors, I would say 90 percent of players, would prefer to wait and see today.”
source: Yahoo Finance
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