Asian shares fell today (July 18th) after a Malaysia Airlines jet carrying 298 people crashed in east Ukraine.
There were no signs of survivors at the scene of the crash near the village of Grabovo.
Investors rushed into defensive assets and a drop in Treasury bond yields put pressure on the dollar.
"US Treasury yields declined on heightened geopolitical woes and hurt dollar/yen, which has a high correlation with yields," Masafumi Yamamoto, a market strategist at Praevidentia Strategy in Tokyo, told Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 per cent, while Japan's Nikkei stock average tumbled one per cent after dropping by as much as 1.7 per cent earlier in the session.
Shares in Malaysia Airlines fell more than 11 per cent today. It is the second disaster the carrier has experienced this year.
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