Asian stocks tumble on Russia-Ukraine tension – The National

Asian stocks tumble on Russia-Ukraine tension – The National

Asian share markets dropped and safe-haven assets such as gold rose on Tuesday as investors contemplated the implications of a potential Russian invasion of Ukraine.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 per cent after stock markets in the US and Europe lost ground on Monday.

Japan's Nikkei fell 0.91 per cent, while Australia's S&P/ASX 200 closed down 0.51 per cent. Hong Kong's Hang Seng index slid 1.1 per cent, although China's CSI 300 Index bucked the sell-off trend across the region and was up 0.7 per cent.