Asian stock markets lost ground on Friday as investors watched the war in Ukraine escalate, with the country’s largest cities under constant bombardment by Russian forces.
The nuclear plant in Zaporizhia, Europe’s largest, was hit during a Russian army bombing raid. The Ukrainian authorities announced that a fire broke out in the factory, however, clarifying that the factory was not critically damaged and the radioactivity levels are currently normal. Ukraine’s emergency services have announced that the fire at the nuclear plant has been extinguished.
Ukrainian President Volodymyr Zelensky has accused Vladimir Putin and Moscow of “nuclear terrorism.” China’s Foreign Ministry expressed concern and called on all parties to ensure the safety of nuclear facilities.
On the board, the Japanese Nikkei 225 index plunged 2.2% to 25,985.47 points.
In Hong Kong the Hang Seng index falls 2.55%, while in mainland China the Shanghai Composite loses 1%.
In Seoul, Kospi fell 1.2%, while in Australia the S & P / ASX 200 lost 0.6%. Indices in Singapore and Taiwan are also falling.
Investors continue to turn to government debt as a safe haven, with US 10-year yields losing up to 14 basis points earlier at 1.7%, only to return to 1.79% later.
Source: Capital
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