Asia stocks drop on geopolitical tensions, Nikkei hit by strong inflation print

Investing.com-- Most Asian stocks fell on Friday as an escalation in the Russia-Ukraine war dented risk appetite, while Japan's Nikkei dropped as the yen surged on strong inflation data.

Russia on Thursday launched a second big attack on Ukraine's energy infrastructure this month, as Moscow ramped up its offensive against Ukraine over Kyiv's use of Western-made weapons. President Vladimir Putin threatened to use new ballistic missiles to hit"decision-making centres" in the Ukrainian capital.slumped nearly 2%, led by declines in big-cap tech shares amid concerns about an economic slowdown.

Chinese markets saw some relief following reports that the U.S. may impose less severe sanctions on China's semiconductor industry than compared to previous proposals. Hong Kong listed shares of Semiconductor Manufacturing International Corp (HK:marked modest growth for the second month in a row in November, according to a Reuters poll. The reading comes as Beijing doled out a slew of key stimulus measures in recent months.

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