The conflict in Ukraine is causing a global economic disaster, and Eurozone nations are not exempt. The IMF said that Europe’s importing nations will be hit harder than America by fuel and food price surges caused from the conflict.
The yield on Germany’s 10-year Bund rose 0.07 percentage points to reach its highest level since July 2015 as the prospect of sustained inflation in eurozone dampened bond prices and raised expectations that European Central Bank will lift interest rates soon enough.
The Hong Kong’s Hang Seng share index fell 2.3% after Chinese regulators banned the lucrative business of livestreaming unauthorised video games.
Having one major company being affected by this new regulation sent Shockwaves Through Asian Markets.