Mideast Stocks: UAE markets down on regional geopolitical tensions | ZAWYA MENA Edition:
Stocks in the United Arab Emirates fell sharply in early trade on Monday amid rising geopolitical tensions after the UAE said that four commercial vessels were hit by sabotage near the emirate of Fujairah on Sunday.
The Dubai index was down 1.5% and Abu Dhabi's index was down 1.7% in early morning trade.
"Regional geopolitical tensions and the US-China trade row are affecting market sentiment," said Nishit Lakhotia, head of research at Bahrain-based SICO.
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