Stock markets in the Asia-Pacific region are declining amid continued investor caution in weighing on developments in the Russia-Ukraine war.
In the last 24 hours, the International Atomic Energy Agency (IAEA) said it had been informed by Ukrainian authorities that Russian artillery shells had damaged a nuclear research facility in Ukraine’s second largest besieged city, Kharkiv, with no “radiological consequences.” According to the same sources, part of the Kharkiv Institute of Physics and Technology, which produces radiological material for medical and industrial use, was affected.
The third round of talks between the Russian and Ukrainian delegations took place yesterday, with Kyiv saying that some progress had been made on the evacuation of civilians from the war zones, but that there was no agreement that would improve the wider situation. . From today at 9 p.m. A ceasefire has been implemented in five Ukrainian cities to allow the evacuation of civilians via humanitarian corridors, Moscow said.
In this climate, in mainland China Shanghai Composite is down 0.87%, while Shenzen is down 0.88%.
In the Hong Kong the Hang Seng index slips by 0.2% and in Australia The S & P / ASX 200 recorded losses of 0.83%.
In Japan, the Nikkei 225 index loses 1.69%, while the Topix index 1.99%. In South KoreaKospi is down 0.74%.
Its broader index MSCI for Asia-Pacific shares outside Japan traded down 1.06%.
Meanwhile, oil prices strengthened in the afternoon of trading in Asia. Brent oil gained 2.96% to $ 126.86 a barrel, while US crude added 2.25% to $ 122.09 a barrel.
Airline stocks, which are vulnerable to rising oil prices, continue to fall today. Japan Airlines’s title plunges 6%, while Korean Air Lines loses 1.81%. In Southeast Asia, Singapore Airlines is slipping by 2%. Hong Kong-listed China Eastern Airlines lost 2.81% and Cathay Pacific lost 2.45%.
It is noted that The key Wall Street indices closed at the bottom of the day on Monday, with the Dow Jones industrial average losing nearly 800 points and the tech Nasdaq plunging 3.6% as investors expect the US economy to test its toughness in the coming months amid an explosive inflation environment due to the relentless rally in commodity prices.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
