MIDEAST STOCKS-Test missile near Syria sparks region-wide sell-off | Reuters:
"Regional shares fell on Tuesday after Israel carried out a joint missile test with the United States, rattling investors already worried that a possible military strike on Syria could trigger wider regional conflict.
Russia raised the alarm after detecting the launch of two ballistic "objects" in the Mediterranean Sea.
There were no reports of missile strikes on Syria but investors were on edge because Washington is preparing for a possible military action over what it says was a chemical weapons attack by government forces in their conflict with rebels trying to overthrow President Bashar al-Assad.
Obama has asked for support from Congress for a strike - which is not expected to take place before mid-September at the earliest.
Dubai's bourse was the hardest hit, plunging 3.7 percent to hit a seven-week low but is still up 53.4 percent year-to-date."
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