LONDON – Global stock markets slid on Friday after the crash of a Malaysian Airlines jet which killed 298 people over rebel-held eastern Ukraine, amid signs it was hit by a missile.
Russian shares and the ruble sank, as the disaster dramatically raised tensions between the Kremlin and the West.
The investment climate was already heavily clouded by broadened US and EU sanctions linked to Ukraine.
Sentiment was also rocked as Israel launched a ground invasion of Gaza, with tanks and warplanes sweeping into the area in a bid to stop rocket fire.
The heightened geopolitical tensions sent traders fleeing risky assets such as …read more
Source: The Philippine Daily Inquirer
