Asian stocks fall as western allies vow more sanctions against Russia

BEIJING — Asian stock markets mostly fell Friday after Western governments promised new sanctions on Russia and President Vladimir Putin tried to prop up Moscow’s sinking ruble by threatening to require Europe to use it to pay for gas exports.

Shanghai and Hong Kong declined while Tokyo gained. Oil was little-changed but stayed above $110 per barrel. Putin threatened to require European customers that rely on Russia gas supplies to pay in rubles. That would increase demand for the Russian currency, pushing up an exchange rate that has slumped under sanctions.

The Shanghai Composite Index SHCOMP lost 0.9% to 3,219 while the Nikkei 225 NIK in Tokyo gained 0.1% to 28,136.57. The Hang Seng HSI in Hong Kong fell 2.5% to 21,378.India’s Sensex 1 fell 0.2% to 57,475. New Zealand, Singapore and Bangkok advanced while Jakarta declined.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia-Ukraine live updates: US slams Russia's plans to partially reopen stock market📸 A firefighter works at a residential district in Kyiv that was damaged by shelling, as Russia's invasion of Ukraine continues. 🙏🙌🇺🇦🇿🇦 Tenancingo, Mexico, the sex trafficking capital of the world, is the single largest source of sex slaves sent to the US, according to US State Department. Organized criminals are taking advantage of the Ukraine war as they enslave more children for world consumption Shame on us.
Source: ABC - 🏆 471. / 51 Read more »