Asian shares fall as Malaysia jet downing hits sentiment
By Lisa Twaronite
Kamata said that the plane crash might be perceived as an isolated event for financial markets, but he also cautioned it had the potential to lead to bigger turmoil.
Even before news of the downed jet broke, market sentiment was already fragile after a weak reading on U.S. housing starts for June.
The dollar edged up 0.2 percent to 101.32 yen, clawing back some of its nearly 0.5 percent slide overnight, which was its biggest one-day loss since early April. A break below 101.06 yen would take the greenback to a two-month low.
The euro, which has lost roughly 0.9 percent against the yen this week, traded at 137.05 yen after reaching a five-month low of 136.715 yen earlier in the session. The euro was steady at $1.3526 but not far from $1.3512 touched earlier in the session, its lowest in a month against the U.S. currency. In commodities trading, U.S. crude oil extended gains by about 0.6 percent on the day to $103.85 a barrel, after jumping by more than $2 on Thursday. Russia pumps more than a tenth of the world's crude.
Gold also soared on safe-haven bids, though it steadied at $1,315.54 an ounce after gaining 1.5 percent in the previous session. However, it was still on track for a 1.6 percent loss for the week, breaking a six-week winning streak.