Asia-Pacific stocks slip following Wall Street drop as Ukraine crisis continues

3 yıl önce

SINGAPORE â Shares in Asia-Pacific slipped in Wednesday morning trade on the back of overnight declines stateside as the Russia-Ukraine conflict led to a surge in oil prices.

The Nikkei 225 in Japan dropped 1.27% in early trade while the Topix index shed 1.28%. South Korea's Kospi dipped 0.19%.

Elsewhere, Australia's S&P/ASX 200 shed 0.17%, ahead of fourth-quarter GDP data set to be released at 8:30 a.m. HK/SIN on Wednesday.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.

Oil prices have surged in recent days as Russia continued its assault on Ukraine, with U.S. crude futures hitting its highest level in seven years on Tuesday.

Overnight stateside, the Dow Jones Industrial Average dropped 597.65 points to 33,294.95 while the S&P 500 shed 1.55% to 4,306.26. The Nasdaq Composite declined 1.59% to 13,532.46.

Stock picks and investing trends from CNBC Pro:

Goldman says stock pickers are buying the dip in growth stocks. Here are their favorites

Defense stocks may see long-term lift as Russia's actions spur big jump in spending by U.S. allies

These stocks have direct exposure to Russia, says Bank of America

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.409 after a recent climb from levels below 97.

The Japanese yen traded at 114.82 per dollar, still stronger than levels around 115.6 seen against the greenback earlier this week. The Australian dollar was at $0.7259, largely holding on to gains after climbing from below $0.72 earlier in the week.