Stock markets in Asia slide – oil prices break the $100 mark for the first time since 2014

Tokyo Stock Exchange

The mood on the Asian stock exchanges is tense.

(Photo: dpa)

Tokyo The escalations in the Ukraine crisis are also causing upheavals on the international financial markets. Russian President Vladimir Putin officially ordered a military operation in eastern Ukraine in the morning. The warnings of the Americans had also intensified during the night. US Secretary of State Anthony Blinken said on US television that he had reason to believe an invasion could begin that night.

In the early hours of the morning, the price of oil topped the $100 mark for the first time since 2014. Brent from the North Sea topped the important $100 mark for the first time in seven and a half years on Thursday morning, rising to $100.07.

The news situation also depressed prices on the trading centers in Asia. The Nikkei index, which comprises 225 values, was 1.1 percent lower at 26,161 points. The broader Topix index fell 0.7 percent to 1868 points. The Shanghai stock exchange was down 0.4 percent. The index of the most important companies in Shanghai and Shenzhen lost 0.6 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 114.99 yen and flat at 6.3131 yuan. It was 0.1 percent higher against the Swiss currency at CHF 0.9186. At the same time, the euro fell 0.4 percent to $1.1269 and fell 0.3 percent to CHF 1.0351. Sterling lost 0.1 percent to $1.3523.

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