Stock indices in the Asia-Pacific region are falling, as investors watch with intense concern the escalation of tensions in the Russian-Ukrainian, after the speech of President Vladimir Putin, which paved the way for the entry of Russian troops into Ukraine. especially in the breakaway provinces of Donetsk and Luhansk).
Russia’s president has recognized the two territories as independent states, a move almost unanimously condemned by the international community.
On the board, the Japanese Nikkei closed down 1.71% at 26,449.61 points, with South Korea KOSPI to decline 1.35%, while in Hong Kong o Hang Seng “sinks” by 3.07%. In mainland China, the Shanghai records a drop of 0.96%, while o Shenzen 1.29%. In Taiwan, the Taiwan Weighted closed with a fall of 1.38%, while in Australia the S & P / ASX 200 “lost” 1%.
Shares of Chinese giant Alibaba listed in Hong Kong fell 3.39% after a report by Bloomberg on which Chinese authorities called on banks and state-owned companies to report their exposure rates to Jack Ma’s Ant group. .
Shares of other Chinese tech giants listed on China’s semi-autonomous city-state are down, with Tencent losing 1.39% and Meituan 5.65%.
US President Joe Biden has already announced sweeping sanctions against any economic activity carried out in the two self-proclaimed “People’s Republics” in Donetsk and Luhansk, while wider sanctions are expected against Russia.
Source: Capital
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