Global markets sink amid escalating Ukraine fears
Global markets shuddered Monday, with Asian markets falling sharply over the growing possibility of war in Ukraine. Major U.S. indexes wavered at the opening bell.
Wall Street is likely to see a continuation of the volatility that lopped 500 points off the Dow on Friday and has largely governed trading in 2022 as investors reckoned with a host of broader economic issues, including looming interest rate hikes, surging inflation and ongoing supply chain disruptions.
Diplomatic efforts over the weekend by the Biden administration and its Western allies did little to calm fears that Russia was poised to invade Ukraine. Asian markets closed down in the red across the board, with Japan’s Nikkei 225 declining more than 2.2 percent and Hong Kong’s Hang Seng Index sliding 1.4 percent. European indexes were all lower in midday trading, with France’s CAC40 dropping 2.6 percent and the benchmark Stoxx 600 index shedding nearly 2 percent.
On Wall Street, stocks wavered in morning trading before turning negative. Around 10:45 a.m., the Dow Jones industrial average had slipped more than 300 points, around .9 percent. The Standard & Poor’s 500 index declined roughly .6 percent, while the tech-heavy Nasdaq oscillated between positive and negative territory. All three indices are down 4 percent or more year-to-date, according to MarketWatch.
https://www.msn.com/en-us/money/markets/global-markets-sink-amid-escalating-ukraine-fears/ar-AATPXyu
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