Asian stock markets fell on Wednesday, a political crisis in Egypt, more than a year to push oil prices to the highest level, increasing uncertain global economic outlook.
Benchmark crude for August delivery $ 2.20 $ 101.80 a barrel in electronic trading on the New York Mercantile Exchange last year, the highest level since early May.
Japan's Nikkei 225 index edged down 0.1% to 14,081.35, Hong Kong's Hang Seng Index fell 1.8 percent, to 20,281.62 points. Seoul's Kospi fell 1 percent to 1,836.24 points. In China, the Shanghai Composite Index fell 1.3 percent, to 1,979.98 points. Australia's S & P / ASX 200 index fell 2.1 percent, to 4,732.40.
Sell ??on the occasion, the embattled Egyptian President Mohammed Mursi vows not to resign, despite the millions of demonstrators' demands and military threats, suspended the constitution, dissolved parliament, and install a new leadership.
Egypt is not an oil producer, but its control of the Suez Canal - the world's one of the busiest waterways, connecting the Red Sea and the Mediterranean - to give it a vital role in maintaining global energy supplies.
"Crude oil prices rose, and now some of the airline's shares have fallen quite dramatically, said:" Huang few Kingston Securities Limited in Hong Kong, research executive director.
The most direct impact on airline fuel expenditure accounted for a large share, as energy prices change, but rising oil prices could have a ripple effect on the global economy, which is already plagued by a recession in Europe, a shaky economic recovery in China.
"It certainly depends on situation in Egypt right now," said Wang.
Egypt crisis offset positive signs that the U.S. economy is slowly rebounding, leading to the end of U.S. stocks edged lower Tuesday after a morning rally.
Standard & Poor's 500 index closed down 0.88 points, or 0.1 percent, at 1,614.08 points, the Dow Jones Industrial Average fell 42.55 points, or 0.3 percent, to close at 14,932.41. The Nasdaq composite index fell 1.09 points, a fraction of the percentage points, to 3,433.40
In currencies, the euro fell slightly against the dollar to $ 1.3000 from $ 1.3020 late Tuesday in New York. Dollar fell to 100.77 yen from 100.69 yen.
 



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