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Home Markets

Asia-Pacific stocks slide as investors remain on edge over Russia’s invasion of Ukraine

by Trading How
March 4, 2022
in Markets
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Japan -2.23%. Japan jobs data for January: Unemployment charge 2.8% (anticipated 2.7%).

Japan moves further to ease the impact of rising gasoline prices, says will raise the subsidy ceiling for gas wholesalers to 25 yen/litre for gasoline, diesel and kerosene to ease ache from rise in power costs

China -0.95%.

Hong Kong -2.42%.

Australia -0.57%.

India -1.64%.

In a single day on Wall Road, Dow Jones shed 96.69 factors to 33,794.66, S&P 500 dipped about 0.53% to 4,363.49, whereas Nasdaq dropped 1.56% to 13,537.94.

New Zealand Consumer Confidence Index hit a file low in February.

Ukrainian information: The nuclear complex is under attack from Russian forces and is on fire, 2 of 6 reactors at Europe’s largest nuclear plant in Ukraine have been safely shut down

Russian military attack Europe’s largest nuclear energy plant.

UK Times reports that Ukriane’s Zelensky survives three assassination attempts in days.

US nonfarm payroll report due Friday – Goldman Sachs preview.

Buyers additionally continued to observe oil costs, which have surged in current days.

Within the afternoon of Asia buying and selling hours on Friday, worldwide benchmark Brent crude futures gained 1.63% to $112.26 per barrel. U.S. crude futures additionally superior 1.96% to $109.78 per barrel.

Palladium costs rose on Friday to a 7-1/2-month peak on provide issues, whereas safe-haven demand saved gold on target for a fourth weekly achieve in 5, after Russia attacked a nuclear energy plant in Ukraine, the most important of its form in Europe.

Russia accounts for 40% of the worldwide manufacturing of the auto-catalyst steel utilized by automakers in catalytic converters to curb emissions.

In the meantime, spot gold rose 0.2% to $1,939.67 per ounce. U.S. gold futures climbed 0.3% to $1,941.10.

Spot silver shed 0.1% to $25.13 per ounce, whereas platinum rose 0.6% to $1,086.54.

Spot palladium was up 0.4% at $2,785.59, as of 0430 GMT.

U.S. futures decrease. Dow Jones -0.36%; S&P 500 -0.37%; Nasdaq -0.40%.



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