Sri Lanka stocks fall due to Middle East crisis
January 8, 2020 04:08 pm
Sri Lanka’s stock market indices fell significantly on Wednesday due to rising tension in the Middle East.
The All Share Price Index (ASPI) was down by 2.11% while the Standard & Poor’s Sri Lanka 20 (S&P SL20) dropped by 2.64%.
Both indices fell on Wednesday after Iran fired rockets at military bases in Iraq hosting United States forces, raising the prospect of a regional conflagration that could disrupt oil supplies.
The US military said on Tuesday that Tehran fired more than a dozen rockets from Iranian territory against at least two Iraqi military bases hosting US-led coalition personnel.
The attacks follow the US killing of Iranian military commander Qassem Soleimani in Iraq last week. Iran had promised a severe response.
-With inputs from agencies
