Asian stock markets are moving negatively on Friday after heavy losses on Wall Street yesterday amid growing concerns about a Russian invasion of Ukraine.
The Japanese Nikkei 225 index fell 0.4% to 27,122.07 points. Data released today in Japan showed that the structural index of inflation, excluding energy and food, rose 0.2% in January, still far from the Bank of Japan’s 2% target.
In Hong Kong the Hang Seng fell 1%, while in mainland China the Shanghai Composite gained 0.6%.
South Korea’s Kospi is making marginal gains, while in Australia the S & P / ASX 200 is down 1%. Indicators in Taiwan and Singapore are also losing ground.
Losses in Asia follow yesterday’s slump in Wall Street, with the S&P 500 losing 2.1%, the heaviest loss in two weeks. The Dow Jones industrial average fell 1.8%, while the technology Nasdaq plunged 2.9%.
The wave of liquidations followed new warnings from US President Joe Biden about the danger of a Russian invasion of Ukraine, despite Moscow’s assurances that it had begun withdrawing some of its units from the Ukrainian border.
For his part, US Secretary of State Anthony Blinken, speaking yesterday at the UN Security Council, called on Russia to “abandon the path of war.”
“Our information clearly shows that ‘Russian forces on the Ukrainian border, including ground forces and aircraft, are preparing to launch an attack on Ukraine in the coming days,'” Blinken said.
Source: Capital
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