Business

Asian stocks close lower, Europe down amid Ukraine war

Hang Seng performs worst in Asia, down 3.87%; US futures indicate sharp losses at opening

Asian stock exchanges closed lower Monday, while European indices were down around 2% as Russia’s war on Ukraine entered its 12th day.

The Asia Dow, which includes blue-chip companies in the region, was down 117 points, or 3.33%, to 3,408 points at 1025 GMT.

Tokyo’s Nikkei 225 stock exchange lost 764 points, or 2.94%, to close at 25,221 points.

The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, was the worst performer of the day plummeting 847 points, or 3.87%, to 21,057.


China’s Shanghai Stock Exchange declined 74 points, or 2.17%, to finish at 3,372.

India’s Sensex benchmark shed 1,491 points, or 2.74%, to 52,842.

The Singapore index lost almost 39 points, or 1.2%, to end the day at 3,187.

In Europe, the STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell almost 10 points, or 2.35%, to 411.84 at 1030 GMT.

London’s FTSE 100 decreased 101 points, or 1.45%, to 6,885.

Germany’s DAX 30 was the worst performer in Europe at the time, diving 430 points, or 3.3%, to 12,665.


While France’s CAC 40 was down 164 points, or 2.7%, to 5,897, Italy’s FTSE MIB fell 480 points, or 2.15%, to 21,986.

Spain’s IBEX 35 decreased 220 points, or 2.85%, to 7,496.

In the US, futures indicated that the American indices will open with sharp losses to start the new week.

The Dow Jones futures were down 451 points, or 1.3%, to 33,132 at 1035 GMT.

The S&P futures shed 62 points, or 1.43%,to 4,265, while the Nasdaq futures lost 220 points, or 1.6%, to 13,620.

Source
AA

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