A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, March 2, 2022. Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. – Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities.
Investors await more clues about possible rate hikes when Fed Chair Jerome Powell speaks Wednesday before Congress. “Markets dismissed the notion that 60 million barrels of strategic reserves released will be consequential to the risks of Russian supply jeopardized,” said Tan of Mizuho. “Russia pumps more than that in just six days.”
The Nikkei 225 in Tokyo lost 1.7% to 26,378.25 and the Shanghai Composite Index shed 0.5% to 3,468.56. The Hang Seng in Hong Kong sank 1.1% to 22,500.09 and the Kospi in Seoul was off less than 0.1% at 2,697.85.Sydney's S&P-ASX 200 added 0.3% to 7,114.80 after government data showed Australia's economy grew by 3.4% in the final three months of 2021 over the previous quarter and consumer spending was strong.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fall, oil tops $100 a barrel as Ukraine war ragesNEW YORK (AP) — Oil prices soared and investors on Wall Street shifted more money out of stocks and into ultra-safe U.S. government bonds Tuesday as Russia stepped up its war on Ukraine. Stocks fell as investors tried to measure how the conflict will impact the global economy. stop sensational journalism. The price went up like 7$ Well of course it did, the summer driving season is coming up. Side note- Maybe there won’t be any unexpected refinery fires in the US this year(another reason they raise prices)
Source: AP - 🏆 728. / 51 Read more »
Stocks Open Lower, Oil Leaps as Ukraine Crisis DeepensEuropean equities and U.S. stocks fell as investors rushed to adjust to geopolitical developments including new sanctions against Russia. London-listed shares of Russian companies plunged. trying to be Optimistic Worth it
Source: WSJ - 🏆 98. / 63 Read more »
Russian Stocks ETF Falls 25% as Crisis in Ukraine ContinuesThe VanEck Russia ETF (RSX) fell 23% in premarket trading Monday as the conflict in Ukraine continues.
Source: NBCDFW - 🏆 288. / 63 Read more »
Stocks making the biggest moves in the premarket: BP, First Horizon, defense stocks and moreThe stocks making the biggest moves in premarket trading include BP, First Horizon, defense stocks, and more.
Source: CNBC - 🏆 12. / 72 Read more »
Cybersecurity stocks gain on fears of 'a significant ramp-up of cyberwarfare' related to Russian invasion of UkraineCybersecurity stocks are in the black for the past year after a jump Monday, as Russian President Vladimir Putin issues veiled threats against countries that aid Ukraine.
Source: MarketWatch - 🏆 3. / 97 Read more »