Singapore Stock Market News

Syria Tensions Drag Stocks Under Water

StockFanatic
Publish date: Wed, 28 Aug 2013, 01:54 PM
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US equities skidded as the possibility of military action against Syria grew. The UK, France, Canada and the Arab League joined the US in urging a firm response to Syrian President Bashar al-Assad's chemical weapons attack on rebel forces.

Meanwhile, the US Treasury has started the debt-ceiling dance with congress, with US Treasury Secretary Jack Lew saying Congress has to raise the US's borrowing limit by mid-October or face default. The Dow was down 1%, S&P 500 down 1.4%, and the Nasdaq, down nearly 2%.
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