Asia-Pacific stocks mixed as investors continue to assess impact of Russia-Ukraine tensions

Date:

SINGAPORE — Shares in Asia-Pacific were mixed on Friday, as investors in the region continued to assess the risk from simmering tensions between Ukraine and Russia.

Japan’s Nikkei 225 shed 0.41% to close at 27,122.07, trimming losses after declining more than 1% earlier, while the Topix index dipped 0.36% to 1,924.31. Over in South Korea, the Kospi ended the trading day little changed at 2,744.52.

Mainland Chinese stocks closed higher as the Shanghai composite gained 0.66% to 3,490.76 and the Shenzhen component climbed 0.274% to 13,459.68. Hong Kong’s Hang Seng index dropped about 1%, as of its final hour of trading.

In Australia, the S&P/ASX 200 closed 1.02% lower at 7,221.70.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.45% lower.

The ongoing Russia-Ukraine crisis is at a pivotal moment, with Kyiv accusing pro-Moscow separatists of attacking a village near the border.

Fears of a Russian invasion of Ukraine have driven investors toward safe-haven assets such as gold. Spot gold briefly crossed $1,900 an ounce earlier before losing some of those gains, last sitting at $1,892 per ounce.

The Japanese yen, also commonly seen as a safe-haven asset, traded at 115.15 per dollar — still stronger than levels above 115.6 seen against the greenback earlier this week.

Stock picks and investing trends from CNBC Pro:

Overnight on Wall Street, the Dow Jones Industrial Average dropped 622.24 points to 34,312.03. The S&P 500 shed 2.12% to 4,380.26 while the tech-heavy Nasdaq Composite fell 2.88% to 13,716.72.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.794 after declining from above 96 earlier this week.

The Australian dollar was at $0.7209, above an earlier low of $0.7175.

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.47% to $92.53 per barrel. U.S. crude futures shed 0.54% to $91.26 per barrel.

Source: | This article originally belongs to Cnbc.com

Share post:

Subscribe

Popular

More like this
Related

The Walking Dead: The Ones Who Live Episode 1 Review – Years

The show opens and mostly closes with Rick (Andrew...

‘Article 20’ Goes Top After Third Weekend

The four strongest Chinese titles that launched over the...

TV’s Most Epic Series Since ‘Game of Thrones’

Forty-four years after it was originally adapted into...

Masters of Air Episode 6 Recap: Everything We Know So Far

Masters of Air Episode 6 Recap: Masters of Air...