SINGAPORE — Shares in Asia-Pacific declined in Friday trade, as simmering tensions between Ukraine and Russia continue to keep investors on edge.
In Australia, the S&P/ASX 200 slipped 1%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.79% lower.
Fears of a Russian invasion of Ukraine have driven investors toward safe-haven assets such as gold. Spot gold was last at $1,895.36 per ounce, following its ascent earlier in the week from below $1,860.
The Japanese yen, also commonly seen as a safe-haven asset, traded at 114.93 per dollar — stronger than levels above 115.6 seen against the greenback earlier this week.
Overnight on Wall Street, the Dow Jones Industrial Average dropped 622.24 points to 34,312.03. The S&P 500 shed 2.12% to 4,380.26 while the tech-heavy Nasdaq Composite fell 2.88% to 13,716.72.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.847 after declining from above 96 earlier this week.
The Australian dollar was at $0.718, off levels above $0.72 seen earlier in the week.