Asian stocks plunge after Putin announces action in Ukraine

Asia

Putin said the military operation was needed to protect civilians in eastern Ukraine, a claim Washington had predicted he would make to justify an invasion. Putin accused the United States and its allies of ignoring Russia's demand to prevent Ukraine from joining NATO and offer Moscow security guarantees. President Joe Biden denounced the attack as “unprovoked and unjustified.”Earlier, Wall Street's benchmark S&P 500 index fell 1.

The Nikkei 225 in Tokyo fell 2% to 25,922.46 and the Hang Seng in Hong Kong lost 2.8% to 22,986.99. The Shanghai Composite Index was off 0.9% at 3,458.12.n economies face lower risks than Europe does from a possible Russian attack and Western sanctions, forecasters say. But they say economies that need imported oil might be hit by higher prices if supplies from Russia, the third-largest producer, are disrupted.New Zealand lost 2.8% and SoutheastOn Wall Street, the S&P 500 fell to 4,225.50.

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Asian stocks rebound after Wall St falls on Ukraine tensionsAsian stock markets rebound after Wall Street slid on anxiety over Vladimir Putin’s decision to send soldiers into eastern Ukraine
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