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Sudden fall in Asian stock markets after Ukraine reports - E24

Sudden fall in Asian stock markets after Ukraine reports – E24

The Tokyo and Hong Kong stock exchanges suddenly fell sharply Thursday morning after unconfirmed reports of military activity in eastern Ukraine. But the decline is limited, and in the rest of Asia there is a recovery.


After the trading day began without excessive impacts on the Asia Pacific region on Thursday, several of the most important exchanges suddenly collapsed around 5 pm Norwegian time.

Coinciding with the fall, there were unconfirmed reports on social media about activity in the border regions between Ukraine and Russia, Bloomberg wrote. According to the Russian state news agency RIA Novosti, Ukraine has bombed pro-Russian separatists in the east of the country, according to Reuters.

Ukraine has not commented on the allegations, which have not been confirmed elsewhere, NTB writes.

This finding shows, first and foremost, how poor the mood in the market is at the moment, writes Bloomberg, and confirms that such unsubstantiated claims are common to both sides.

After the sudden fall, important indicators that fell in Asia recovered to some extent.

This is what it looked like around 6:00 in Norwegian time:

  • The Nikkei 225 index in Tokyo fell 0.97 percent
  • Hong Kong’s Hang Seng fell 0.62 percent
  • The Kospi Index in Seoul rose 0.61 percent
  • The Shanghai Composite Index rose 0.35 percent
  • FTSE Straits Times Index in Singapore rose 0.36%
  • Sydney’s ASX 200 rose 0.04 percent

Russia is accused of escalation

In other words, fears of a Russian invasion of Ukraine continue to plague global markets.

The United States accused Russia on Wednesday night of arming itself along the border with Ukraine, rather than turning away the troops, Russian authorities claimed Tuesday. US authorities claim that Russia has sent another 7,000 soldiers to the border in recent days

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– That’s what Russia does. This is what Russia is doing. “We haven’t seen any troop withdrawals yet,” US Secretary of State Anthony Blinken told MSNBC Reuters.