Singapore — Asian equities and the euro weakened on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops.
While prices have since trimmed losses from their morning lows on reports there was no immediate change in radiation levels in the area, investors remain extremely anxious. “Markets don't want a contagion effect and more European countries impacted by the crisis,” said Menon. “If investors are looking to buy, they need to have a strong and long-term risk appetite.”
Investors sought refuge in safe-haven US Treasuries, sending yields on benchmark 10-year yields as much as 14 basis points lower to 1.7%. They later inched back up to 1.78%. There was no let-up in other commodities also, with Chicago wheat futures jumping nearly 7%, taking the weekly gain to more than 40% on supply side worries.
Goodman said the market volatility underscored the need to have a diversified portfolio with exposure to different markets, adding that the fund’s portfolio included firms in renewables energy, digital infrastructure, housing and logistics sectors.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil soars and stocks slide as Ukraine war intensifiesConflict is fuelling a dash for commodities that could be in short supply, while equities fall victim to inflation and growth fears
Source: BDliveSA - 🏆 12. / 63 Read more »
Stocks fall and oil prices soarEuropean banking shares slid further after the European arm of Russia’s Sberbank was forced to close
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE surges thanks to commoditiesMining stocks provide a hefty boost, though individual stocks with exposure to Russia have taken a pounding since its invasion of Ukraine a week ago
Source: BDliveSA - 🏆 12. / 63 Read more »