Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday
Broad middle-east and african stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% – the most since Black Monday (now down over 50% from their 2014 highs). These losses are far in excess of US ‘catch-up’ moves and suggest a dark cloud over Asia this evening.
It’s been a bloodbath in the Middle-East since the year began…
Africa/Middle-East Stocks crashed 5%…
Saudi Arabia’s Tadawul Index is down 5.4% on the day – the worst since August’s collapse and has lost over 50% since its exuberant peak in 2014…
Kuwait down over 4% to 2009 lows…
But Qatar was carnaged… (down over 8%)
Makes you wonder where all that hot-money from The Fed flowed eh?
