Monday, August 24, 2015 8:17:38 AM
Mid-East Meltdown Continues: Stocks Sell-Off Across Petrodollar States
On Sunday, we saw a Gulf market meltdown with stocks falling 7% in Saudi Arabia and 5% or more in the United Arab Emirates and Qatar. The steep declines came on the heels of Friday’s horrific selloff in US markets and presaged the carnage that would begin to unfold hours later when Asian bourses opened for trading for the week.
As Brent continued to slide, the selloff in Mid-East markets continued unabated on Monday with Saudi Arabia’s Tadawul All Share Index dipping more than 6%, hitting levels last seen in May of 2013.
Brent:
Saudi Arabia:
UAE:
For the remainder of today's early morning news follow me on Twitter.
Or follow this thread: http://www.zerohedge.com/news/2015-08-24/mid-east-meltdown-continues-stocks-sell-across-petrodollar-states
Bye
On Sunday, we saw a Gulf market meltdown with stocks falling 7% in Saudi Arabia and 5% or more in the United Arab Emirates and Qatar. The steep declines came on the heels of Friday’s horrific selloff in US markets and presaged the carnage that would begin to unfold hours later when Asian bourses opened for trading for the week.
As Brent continued to slide, the selloff in Mid-East markets continued unabated on Monday with Saudi Arabia’s Tadawul All Share Index dipping more than 6%, hitting levels last seen in May of 2013.
Brent:
Saudi Arabia:
UAE:
For the remainder of today's early morning news follow me on Twitter.
Or follow this thread: http://www.zerohedge.com/news/2015-08-24/mid-east-meltdown-continues-stocks-sell-across-petrodollar-states
Bye
Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644
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