Asian markets plummet as global investors worry about Russia-Ukraine tensions and upcoming central bank plans

Asia Pacific markets fell sharply during morning trade with Australia’s S & P / ASX 200 and Japan’s benchmark. Nikkei (N225) 2.9% and 1.9%, respectively. Of South Korea Cosby (Cosby) Decreased by 2.3%.
Chinese markets were very paralyzed by the scale Shanghai salad (SHCOMP) The index is down 0.7%. Of Hong Kong Hong Cheng Index (H.S.I.) Fell 1.6%.
The decline in Asian markets comes after Europe saw significant growth To sell Finished Monday Fears increasing About the possibility of Russian invasion of Ukraine. Of France CAC 40 (CAC40) And of Germany DAX (DAX) In London it fell to 4% and 3.8% respectively FTSE 100 (UKX) Fell 2.6%.

Meanwhile, U.S. stocks looked dramatic as investors tried to understand a number of issues, from geopolitical tensions to the upcoming Fed meeting. For the revenue season. Fears of inflation also persist.

Initially, the stock opened in red on Monday, followed by a Two days of turmoil On Wall Street.

At the low point of the session, the market was on track for its worst day since October 2020, when the Dow fell more than 1,000 points.

But within minutes of the end, the key symbols turned upside down and turned green. The Dove (UNDUE) Finished 0.3% or 99 points higher.
The S&P 500 (SPX), The broader volume of the US stock market rose as much as 0.3%.
The Nasdaq compound (COMP), Entered the revision area last week, closing up 0.6%.
However, The future of America Dow futures, S&P 500 futures and Nasdaq futures were down 0.8%, 1.2% and 1.7%, respectively, on Tuesday.

Lots to digest

There is a lot for investors this week.

See also  The President of Belarus stands in front of a war map outlining plans for an invasion of Moldova

Traders are watching the situation in Ukraine with interest, amid growing fears that it could be occupied by Russia.

According to Michael Hewson, chief market analyst at CMC Markets, reports that the United States and the United Kingdom are withdrawing some staff from local embassies have led to fears that the situation could escalate.

“It’s actually given the European markets less of a tough nudge,” he said Told CNN Business.
The Russian invasion will cause more fear for the markets

In the United States, Edward Moya, a senior U.S. market analyst at Onda, said, “Stocks were trying to pull back from a major Monday liquidation that arose out of the austerity Fed austerity and fears of a Russian invasion of Ukraine.”

In a statement to clients on Monday, he said, “Uncertainty over Russia and China’s joint efforts with Ukraine could lead to more risk-averse sales days in the coming weeks.”

Brent crude was up 0.7% at $ 86.89 a barrel on Tuesday.

Investors are on the defensive during the earnings season, which has moved to the Big Tech Microsoft (MSFT), IBM (IBM), Intel (INTC) And Apple (APL) This week.

The central bank meeting then concludes with a policy statement on Wednesday and a press conference following it.

Uncertainty surrounding the central bank’s plans pushed Wall Street to its point Bad week Since the onset of the epidemic.

– Annegan Tope and Julia Horowitz of CNN Business contributed to this report.

Leave a Reply

Your email address will not be published.