• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Hong Kong leads losses as Asia stocks slide as investors monitor Ukraine-Russia developments

by
March 4, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

FDA backs changing Covid booster shots to target most recent omicron subvariants

Captain Minnie, ‘Frozen’ and a $5,000 Star Wars cocktail: Disney pins big hopes on new cruise ship

Stocks making the biggest moves midday: RH, Carnival, Universal Health Services and more

FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud

SINGAPORE — Shares in Asia-Pacific slipped in Friday trade as investors remain on edge over Russia’s invasion of Ukraine.

The Nikkei 225 in Japan slipped 2.47% while the Topix index shed 1.99%.

Hong Kong’s Hang Seng index also saw heavy losses as it fell 2.51%. In mainland China, the Shanghai composite shed 0.93% while the Shenzhen component dipped 0.644%.

South Korea’s Kospi dipped 1.26%.

Over in Australia, the S&P/ASX 200 shed 1.39%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.49% lower.

The major indexes in Asia-Pacific extended losses Friday after reports that smoke was visible from a nuclear power plant in Ukraine — the largest in Europe — after Russian troops attacked. The situation in Ukraine is rapidly deteriorating, and reports from the country are difficult to confirm.

“Risk sentiment remains fragile and is very much being swung around by Russia/Ukraine headlines as well by central banks who seem committed to hiking rates, and who are also noting upside risks to inflation,” Tapas Strickland, an economist at National Australia Bank, wrote in a note.

Investors also continued to monitor oil prices, which have surged in recent days. In the morning of Asia trading hours on Friday, international benchmark Brent crude futures gained 2.37% to $113.08 per barrel. U.S. crude futures also advanced 3.09% to $111 per barrel.

Oil prices saw a pullback on Thursday after days of rising rapidly, with U.S. crude futures at one point surging to a level last seen in Sept. 2008. International benchmark Brent crude futures currently sit at $110.4 per barrel after recently rising to as high as $119.84, the highest level since May 2012.

Stock picks and investing trends from CNBC Pro:

Goldman says stock pickers are buying the dip in growth stocks. Here are their favorites

Bill Miller calls this e-commerce giant the ‘cheapest big cap stock in the world’

These stocks may beat the market as wheat and other agricultural prices soar, history shows

Overnight stateside, The Dow Jones Industrial Average shed 96.69 points to 33,794.66 while the S&P 500 dipped about 0.53% to 4,363.49. The Nasdaq Composite dropped 1.56% to 13,537.94.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.983 after recently rising from below 97.5.

The Japanese yen traded at 115.36 per dollar, weaker than levels below 115 seen against the greenback earlier in the week. The Australian dollar changed hands at $0.7316 following its general rise from levels below $0.721 earlier this week.

Next Post

U.S. stock futures sink as Russia attacks Ukraine’s largest nuclear plant

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

FDA backs changing Covid booster shots to target most recent omicron subvariants

by
June 30, 2022
0

There hasn't been enough research on how much protection a fourth dose can offer, medical professionals told CNBC. Justin Sullivan...

Read more

FDA backs changing Covid booster shots to target most recent omicron subvariants

Captain Minnie, ‘Frozen’ and a $5,000 Star Wars cocktail: Disney pins big hopes on new cruise ship

Supreme Court to weigh whether state legislatures should get final say in federal election rules

FBI adds ‘Cryptoqueen’ to Ten Most Wanted Fugitives List after alleged $4 billion OneCoin fraud

Stocks making the biggest moves midday: RH, Carnival, Universal Health Services and more

Stocks sharply trim losses, but the S&P 500 is on track for worst first half in decades

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.