Home » Asian markets dip on reports of nuclear plant fire in Ukraine | Russia-Ukraine war
MSCI’s broadest index of Asia-Pacific shares excluding Japan falls to lowest level since November 2020.
Asian shares sank to a 16-month low and oil prices continued to climb on Friday, as reports of a nuclear power plant fire in war-torn Ukraine shook markets in the region.
MSCI’s broadest index of Asia-Pacific shares excluding Japan fell as much as 1.6 percent to 585.5, the lowest level since November 2020, taking the year-to-date losses to 7 percent.
Stock markets across the Asia-Pacific were in the red, with benchmark indexes in Japan and Hong Kong sinking more than 2.5 percent, and those in China, Australia and South Korea down between .07 percent and 1.3 percent.
Shares regained some losses amid reports the nuclear plant fire had not resulted in any immediate change in radiation levels. The International Atomic Energy Agency said essential equipment at Ukraine’s Zaporizhzhia nuclear power plant had not been affected by the fire, which was put out by emergency services,…
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