Stocks fall as Ukraine crisis deepens, oil prices rally - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Asian shares took a beating in early trade on Friday and oil prices jumped as a report of a nuclear power plant on fire amid continued fierce fighting between Ukraine and Russian troops further unnerved investors.

, the largest of its kind in Europe, has been hit during an attack by Russian troops.Overnight, Wall Street ended lower as investors remained on edge over the Ukraine crisis, while rising prices of commodities also weighed on market sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.8% and traded near the day’s lows.

Markets across Asia were in a sea of red, with Japan down 2.3%, South Korea fell 1.4% and commodities-heavy Australia also lost 1.2%. Oil prices jumped on Friday after ending steady a day earlier, with the market also focused on whether the OPEC+producers, including Saudi Arabia and Russia, would increase output from January.It fell 0.44% to $1.1022.

 

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