The S&P 500 index plunged nearly 3% as surging commodity prices stoked stagflation concerns. The US plans to ban Russian energy products, sending crude oil prices to fresh 9-year highs. Asia-Pacifi.
Wall Street stocks fell as Western powers imposed stringer sanctions on Russia over its attack of Ukraine. Rising crude oil prices may cloud prospects of an economic recovery. APAC stocks open lower.
The Nasdaq 100 index erased intra-day losses and closed mildly higher, as dip-buyers returned for bargain hunting after Russia and Ukraine held talks. Asia-Pacific markets look set to open higher.
Wall Street stocks rebounded from deep losses Thursday as investors assessed western sanctions on Russia after its forces pushed closer to Kyiv. Crude oil and gold prices retreated from intraday hi.
Wall Street stocks fell for a third day as geopolitical tensions continued to spiral between Ukraine and Russia. The RBNZ raised interest rate by another 25bps. Asia-Pacific stocks rebounded mildly.