Asian stocks tumble, yen stands tall as Ukraine crisis darkens mood


TOKYO: Asian shares dropped to a one-month low and the yen pushed higher on Friday, as heightened tension in Ukraine ahead of a weekend referendum drove investors out of riskier assets.

Solid U.S. retail sales and employment data also reinforced expectations that the U.S. Federal Reserve will stick to its plan of gradually withdrawing its asset-buying stimulus, while Thursday's disappointing Chinese economic data continued to add to the gloom.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Asian shares , yen , Ukraine

   

Next In Business News

Kering says profit likely to tumble
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
UK firms told to ‘urgently review’ green claims
Scrap processing makes many villagers richer
Enphase sees soft solar market rebounding despite weak sales
Businesses concerned about rising forex woes
Gold prices surge to new all-time highs
New Zealand 1Q imports fall amid sluggish economy

Others Also Read