Asian Market Update : Epic Research Malaysia

Asian shares tumbled on Friday as investors sought out safe-haven assets on growing fears that conflicts in Ukraine and the Middle East could sap global growth, extending losses after US President Obama said he had authorised air strikes in Iraq.

Obama said in an address that he authorized targeted strikes to protect the besieged Yazidi minority and US personnel in Iraq, after the Iraqi government requested help.

"We can act carefully and responsibly to prevent a potential act of genocide," Obama told reporters at the White House. "I've therefore authorised targeted air strikes if necessary." UN Secretary-General Ban Ki-moon and the United Nations Security Council on Thursday called for the international community to help Iraq's government and people as the country struggles against a sweeping advance by Islamist militants.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped about 0.9 per cent, on track for a weekly loss over 1 per cent, while Japan's Nikkei stock average was down about 2.1 per cent.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my