Advertisement
New Zealand markets open in 8 hours 58 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5937
    0.0000 (-0.00%)
     
  • NZD/EUR

    0.5545
    -0.0001 (-0.02%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.85
    +0.04 (+0.05%)
     
  • GOLD

    2,345.30
    +6.90 (+0.30%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,073.61
    +33.23 (+0.41%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,917.44
    -171.26 (-0.95%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • NZD/JPY

    92.3180
    +0.2030 (+0.22%)
     

Clashes erupt between Armenia and Azerbaijan

Armenia has declared martial law and a total military mobilization following clashes with neighboring Azerbaijan over the breakaway region of Nagorno-Karabakh.

The incident has prompted calls from several world powers for an end to hostilities amid fears of instability in the South Caucasus - which serves as a corridor for pipelines transporting oil and gas to world markets.

[Armenian foreign ministry spokeswoman, Anna Naghdalyan, saying:] "Early in the morning, around 7 a.m. the Azerbaijani forces launched a large-scale aggression, including missile attacks..."

On Sunday (September 27) Armenia said Azerbaijan had carried out an air and artillery attack on Nagorno-Karabakh, but Azerbaijan said it had simply responded to Armenian shelling.

ADVERTISEMENT

There were reports of civilian casualties on both sides.

Nagorno Karabakh is a mainly ethnic Armenian region that is internationally recognized as a part of Azerbaijan.

It declared independence in 1991, during the collapse of the Soviet Union, and the two countries have been at loggerheads ever since.

Authorities inside Nagorno Karabakh also declared martial law on Sunday, and mobilized the male population.

The two sides regularly accuse each of attacks and 200 people were killed when the conflict flared in 2016.

On Sunday, Turkey said majority Christian Armenia should immediately cease hostilities against mainly Muslim Azerbaijan while Russia's foreign ministry - a mediator in decades of conflict between the two sides - call for a cease fire and talks.

France said it was "extremely concerned" and said both sides should end hostilities.