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oil prices surge on Russia-Ukraine war


SINGAPORE — Shares in Asia-Pacific declined in Monday morning trade as oil prices surged, with the ongoing Russia-Ukraine warGlobal investor sentiment is still being influenced.

Japan has the following: Nikkei 225The Topix index suffered regional losses, falling 3.03% and the Topix index losing 2.91%. South Korea KospiAlso, it suffered severe losses of 1.8%

The Australian capital is Sydney. S&P/ASX 200The drop was 0.7%

MSCI’s Asia-Pacific broadest index, which is not based on Japan, traded at 0.72% below.

The oil prices rose in the early hours of Asia trading on Monday with an international benchmark Brent crude futuresBarrel: 8.5% to $128.15 U.S. crude futuresAlso, barrel prices jumped 7.57% to $124.44/barrel

According to U.S. Secretary Antony Blinken, oil prices rose sharply after he stated that Washington and its allies had considered banning Russian oil and natural-gas imports.

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It U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.835 — having risen recently from levels below 97.6.

It Japanese yenAfter strengthening from levels of 115.20 to the greenback late last week, it traded at 114.95 dollars. The Australian dollarIt was $0.7392 after a steady upward trend last week, which had been below $0.72.