HONG KONG — Asian markets tumbled on Friday after a Malaysia Airlines plane came down in battle-wracked Ukraine, sparking geopolitical tensions and sending Wall Street tumbling.
Investors fled into safer assets such as the yen and gold, while airline stocks retreated as news filtered through that almost 300 people had died after what the United States said was a hit from a surface-to-air missile.
Shares in Malaysia Airlines, already battered by the loss of flight MH370 earlier this year, lost 17.8 percent in early exchanges on the Kuala Lumpur stock market, while other regional carriers also slipped.
Tokyo tumbled 1.40 percent, Hong Kong …read more
Source: The Philippine Daily Inquirer
