SINGAPORE – Shares in Asia-Pacific fell in Monday morning trade, as investors continued to monitor the situation surrounding Ukraine.
The Nikkei 225 in Japan fell 2% in early trading while the Topix index fell 1.8%. South Korea Kospi down 1.64%.
of Australia S&P / ASX 200 down 0.82% in morning trading.
MSCI’s broadest index of Asia-Pacific shares outside of Japan traded 0.36% lower.
Concerns about a potential Russian invasion of Ukraine will likely continue to weigh on investor sentiment. Our President Joe Biden Plans canceled unexpectedly on Sunday home in Delaware after the highest-level meeting on the Ukraine crisis.
Looking ahead, China will announce its latest benchmark lending rate on Monday, with the latest one-year lending prime rate (LPR) expected to be announced at 9:15 a.m. HK time. / SIN. All 24 financial institutions, a quick Reuters poll predicts no change in one-year LPR.
Markets in the US are closed on Monday for a holiday.
Currency
The US Dollar Indextracks the greenback against its basket of currencies, at 96.109 after a recent rise from below 96.
The Japanese yen was trading at 114.92 USD/USD after rallying around 114.8 against the greenback late last week. The Australian dollar at $0.7167 after falling from above $0.72 late last week.
