Asian markets end in negative over worries of Russia-Ukraine...| MENAFN.COM

Saturday, 02 July 2022 04:16 GMT

Asian markets end in negative over worries of Russia-Ukraine conflict


(MENAFN) Asian shares ended in the negative on Monday because of increasing stresses in the Russia-Ukraine conflict and stockholder worries over the Fed's rate spike.

The specialists' announcements noting that monetary policies is going to shrink quicker than estimated have kept the global risk appetite low.

The Fed is estimated to raise interest rates by 50 basis points at its conferences in May, July, and September, and by 75 basis points in June.

Instead, the continuing city closures because of COVID-19 in China remain to stay the most dangerous threat factor on a local basis.

With these expansions, the Asia Dow, which contains blue-chip firms in the district, decreased 77.80 points, or 2.27 percent, to end at almost 3,446 points.

Tokyo's Nikkei 225 share trade dropped to 514.48 points, or 1.90 percent, to 26,590.

The Hang Seng, the main for blue-chip shares exchange on the Hong Kong share exchange, dropped 769.18 points, or 3.73 percent, to 19,869.

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