Asia-Pacific stocks mixed amid Russia-Ukraine tensions
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade as investors in the region continue to monitor tensions between Russia and Ukraine.
Japanese stocks lost earlier gains and fell to negative territory with the Nikkei 225It was 0.45% lower than the Topix index, which fell 0.38%.
According to data from Tuesday, Japan’s economy grew 5.4% annually in the last quarter 2021. Reuters reports that Japan’s quarterly average annualized gross domestic products growth was still below the 5.8% market estimate.
MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded at 0.19% below its previous trading price.
Fears of an attack by Russia on Ukraine have kept global markets on alert. The U.S. has also been threatening to disrupt the world’s financial system. closing its embassy in Kyiv.
Overnight on Wall Street, the Dow Jones Industrial Average declined 171.89 points to 34,566.17 while the S&P 500 slipped 0.38% to 4,401.67. The Nasdaq Composite remained unchanged at 13,790.92.
The U.S. dollar indexThe indices that track the greenback in relation to a basket of peers were at 96.21 last week after a rebound from below 95.5.
The Japanese yenThe dollar traded at 115.32 dollars, lower than the 115.2 levels seen yesterday against the greenback. The Australian dollarChanged hands at $0.7121 and is struggling to recover from the decline of $0.72 last week.
Petroleum prices fell in the early hours of Asia trade, in line with international benchmarks Brent crude futuresThe barrel price dropped by 0.52% to $95.98 U.S. crude futuresThe price of a barrel fell to $94.90, or 0.59%.