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Dubai And Saudi Stock Markets Getting Obliterated Again

Joe WeisenthalAug 28, 2013, 13:54 IST

The Dubai MallThe big Mideast stock markets are getting obliterated for the second day in a row.

Yesterday Dubai fell 7% and Saudi fell over 3%, presumably on jitters about Mideast instability (Syria).

And that's happening again today.

Saudi is off over 4%. Dubai is off nealy 6%!

Meanwhile, several of the weak emerging market currencies that everyone is beating up on continue to fade. The rupee is at a new low. So is the Turkish lira.

On the other hand, equity markets around the world (excluding the aforementioned) are mostly higher.