UPDATE 1-MIDEAST STOCKS-UAE, Qatar drop on global slide, Saudi-Iran tensions | Reuters:
"Stock markets in the United Arab Emirates and Qatar fell in early trade on Monday because of a sharp drop of Asian bourses and rising geopolitical tensions in the Gulf after Saudi Arabia cut diplomatic ties with Iran.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 2.5 percent in response to weak Chinese manufacturing data and the Chinese central bank's decision to fix the yuan at a 4-1/2-year low.
The Dubai stock index fell 1.3 percent in the first 70 minutes in a broad sell-off; nine of the 10 most heavily traded stocks were lower."
'via Blog this'
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