Asian stocks fell sharply on Thursday as oil prices plunged after Russian President Vladimir Putin announced that military forces had begun operations in eastern Ukraine.
The Russian president has said that military operations are needed to protect civilians in eastern Ukraine. Washington had predicted that Moscow would invoke the protection of Russian-speaking populations in eastern Ukraine to launch a major invasion of the country. US President Joe Biden has condemned Russia’s unprovoked and unwarranted invasion of Ukraine.
Big explosions were heard in Kiev, Kharkov and Odessa as world leaders condemned the start of the invasion, which is expected to lead to heavy losses and threaten to overthrow the democratically elected government, threatening the balance of power on the continent after the end of the continent.
On the board, the Japanese Nikkei index lost 1.8% to 25,970.82 points.
In Hong Kong, the Hang Seng Index fell 3%, while in mainland China the Shanghai Composite fell 1.7%.
South Korea’s Kospi plunged 2.6%, while Australia’s S & P / ASX 200 fell 3%. Indices in Singapore, Taiwan and Indonesia are moving with losses of more than 2%.
Oil prices meanwhile are gaining more than $ 5 a barrel amid growing concerns about serious supply disruptions in the coming weeks.
Source: Capital
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