[If mere rumors of military action against Syria are enough to produce such volatility in the Eastern stock markets (the first to open), then think of the negative economic consequences for starting an actual regional war in the Middle East. By springing this missile test upon the world without prior warning, Netanyahu and Obama have revealed more about themselves than they would have wanted. Both men have obviously signed-off on a joint attempt to set the entire Middle East on fire, witnessed by a world audience that was already paying attention. This may prove to be the "final straw" which breaks the back of world opinion on supporting America's multiple wars of aggression.
Unexpected revelations about the depth of American lies, the rapid growth of the American police state and open support for "al-Qaeda" terrorists in Syria, were all bad enough to shatter popular support for US aggression, even before this latest provocation exposed the bloodthirsty intentions of the black and white Zionist twins. The people of the world are no longer willing to bear the weight of bloody American intervention on the pretext of "fighting terror," or the damages that have been done by successive American administrations to the global economic order. The wars that have been painted with the broad brush of "patriotism" by both Obama and Bush have been revealed to be obscene "wars of aggression" (true "crimes against humanity") in the service of an American global empire. Whenever Obama revealed himself to be the moral equal of that "low-life" Benjamin Netanyahu, by attempting to force an even wider war upon the human race (even though we have expressed our absolute rejection of the tyranny of the terror war), he exposed the lies which have cemented the war coalition together, causing even the ultra-loyal lapdog British Parliament to recoil in horror at the idea of association with such a war-monger. At the very least, Americans have the same duty as the rest of the human race to take a viable stand to end Obama's deceptive reign of despotism.
If we cannot impeach him, then we will have no other choice but to overthrow the war-monger, locking his narrow ass away somewhere, as if he was the bastard son of the Muslim Brotherhood.]
The rupee and stock markets plunged on Tuesday, with bechmark Sensex sliding by 650 points on reports that missiles were fired at Syria, raising fears of disruption in oil supply and spike in prices. The rupee slipped below 68 against a dollar, losing more than two percent of its value in the day trade. The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE) tanked 651.47 points or 3.45 percent at 18,234.66 points.
The Sensex hit a low of 18,166.17 points in the intra-day. The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) also slumped 3.77 percent at 5,341.45 points. Banking, realty and oil and gas stocks slumped after the Russian defence ministry announced that it has detected launch of two ballistic missiles from the central part of the Mediterranean Sea toward the eastern part of the Mediterranean coast.
The markets recovered after it emerged that there were no signs of a missile strike on the country, where a festering controversy over alleged use of chemical weapons by the ruling regime has precipitated a crisis prompting possible military intervention by the US and allies.
The US said none of its ships or planes launched any attack.
Although Syria is not a major oil producer, a deepening crisis is seen as destabilising for Middle East and has had a bearing on driving up global oil prices in recent weeks.
The markets tumbled after Russia’s state-run RIA news agency said Russian radar detected the launch of two ballistic “objects” in the Mediterranean Sea, but there was no sign of a missile strike on the Syrian capital Damascus.
A defence ministry spokesperson told Russian news agencies the launch was detected at 10.16 am Moscow time (11.46 IST) by an early warning radar station at Armavir, near the Black Sea, which is designed to detect missiles from Europe and Iran.
“The trajectory of these objects goes from the central part of the Mediterranean Sea toward the eastern part of the Mediterranean coast,” Interfax news agency quoted the spokesperson as saying.
The spokesperson did not say who had carried out the launch and whether any impact had been detected, but RIA later quoted a source in Syria’s “state structures” as saying the objects had fallen harmlessly into the sea.
The Russian defence ministry declined comment to Reuters.
The Russian embassy in Syria said there were no signs of a missile attack or explosions in Damascus, state-run Itar-Tass reported.
Israel said it was unaware of any ballistic missile launch being conducted in the eastern Mediterranean.
“We are not aware, at this time, of such an event having occurred,” a military spokeswoman in Jerusalem said.
Russian defence minister Sergei Shoigu had informed President Vladimir Putin of the launch.
Russia opposes any outside military intervention in the Syrian civil war, and a defence ministry official had earlier criticised the US for deploying warships in the Mediterranean close to Syria.
The US has been preparing for a possible military strike in Syria following what it says was a chemical weapons attack by Syrian government forces. Damascus denies carrying out such an attack.
(With inputs from IANS, Reuters and other agencies.)