Asia-Pacific markets extended losses Friday while European stocks look set to tumble after news that damage to a major Ukrainian nuclear-power plant rattled already fragile sentiment. The situation in Ukraine is rapidly deteriorating, and reports from the country are difficult to confirm.
. SMH (AUSTRALIA)
ASX snaps 5 day winning streak with 0.6% fall
The ASX 200 recovered from a 1.5% plunge but snapped its 5 day winning streak with a 40.6 point fall, down 0.6% to 7110.
Hong Kong, Japan drop more than 2% as Asia stocks slide
Shares in Asia-Pacific slipped in Friday trade as investors remain on edge over Russia’s invasion of Ukraine. Hong Kong’s Hang Seng index led losses regionally.
. REUTERS (CANADA)
Oil rebounds as escalating Ukraine conflict hits supplies
Oil prices rebounded on Friday as fears of Western sanctions disrupted Russian oil exports, outweighing the possibility of more Iranian supplies, while reports of a nuclear plant fire in Ukraine spooked markets.
. RTT NEWS (USA)
European Shares Set For Steep Selloff
European stocks look set to tumble on Friday after Russian forces shelled Europe’s largest nuclear plant, sparking a fire amid fierce fighting between Ukraine and Russian troops.
. WALL STREET JOURNAL (USA)
Global Markets Fall on Concerns About Ukraine
U.S. equity futures retreated and global stock indexes fell sharply as investor concerns mounted about Russia’s intensifying military campaign in Ukraine.
. TELETRADER (GERMANY)
Moscow Exchange to stay closed until March 9
The Moscow Exchange announced on Friday that the suspension of all trading and settlements on all markets will be extended until at least March 9. The decision to not resume trading on the exchange was taken by the Bank of Russia.
Futures Fall With Stocks as Ukraine War Escalates
Stocks fell with U.S. futures Friday as war risks intensified after a Ukrainian nuclear power plant briefly caught fire.
FINANCIAL TIMES (UK)
Wheat prices hit fresh highs as war halts exports from Ukraine and Russia
Grain exports have been halted by a lack of transportation because of port closures, while paying Russia has become more complex due to western sanctions
FIN24 (SOUTH AFRICA)
Russian invasion comes at worst possible time for some SA fruit farmers
Russia is a sizeable market for South African fruit, and the fallout of that country’s invasion of Ukraine could create problems for local producers.