Asian markets sink after US launches Syria strikes

    Asian stocks fell while safe havens rallied Friday after the US launched missile strikes on Syria, fanning geopolitical concerns and raising the prospect of frictions with Russia. Eyes are also on Florida as Chinese President Xi Jinping and Donald Trump kicked off a two-day meeting after the US tycoon’s accusations that Beijing was killing US jobs and manipulating its currency to give it a trade advantage. Trump ordered a huge assault on the Shayrat Airfield in Syria in retaliation for a chemical attack with a sarin-like nerve agent…

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Oil falls as investors cut bullish bets on worries over US output

Oil fell on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC-led deal on production reductions. Benchmark Brent crude futures were down 31 cents at $51.45 a barrel by 1409 GMT. U.S. West Texas Intermediate (WTI) crude futures fell by 52 cents to $48.26. “Speculative investors have thrown in the towel, it seems. We’ve got record selling in the week ending March 14 and the bleeding has not stopped yet,” said Carsten…

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