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Sri Lanka stocks fall due to Middle East crisis
Jan 08, 202004:08 PM
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Sri Lanka stocks fall due to Middle East crisis

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

 

 

 

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