Investors in Asia are worried about the geopolitical situation.
(Photo: E+/Getty Images)
Tokyo Worries about geopolitical stability after the mercenary uprising in Russia pushed the Asian stock markets into the red at the start of the week. In China, the Shanghai Stock Exchange closed on Monday with losses of 1.5 percent.
The index of the most important companies in Shanghai and Shenzhen lost 1.4 percent. The 225-stock Nikkei Index fell 0.3 percent. The broader Topix index fell 0.2 percent.
The brief uprising of the Wagner mercenary group in Russia at the weekend caused uncertainty. Investors are hoping for more clarity about the situation in the next few days.
After being assured of impunity, the Russian troops advancing on Moscow stopped their open attack on President Vladimir Putin’s position of power. “This attempted coup revealed cracks and vulnerabilities that are now impossible to ignore,” said Vishnu Varathan, strategist at Japanese bank Mizuho. “It undeniably amplifies global geopolitical risks.”
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