Asian shares fall as Ukraine war stokes inflation fears, oil ticks higher
Asian shares fell on Thursday, while the sell-off in U.S. Treasuries paused and oil prices rose, as investors and traders weighed the latest developments in the Ukraine war and more hawkish comments from U.S. Federal Reserve officials.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.6%. Japan’s Nikkei fell by more than 1% on Thursday morning, after touching a two-month high in the previous session.
China’s markets opened lower, with Hong Kong’s Hang Seng Index down 0.9% and the mainland’s bluechip index off 0.7%. Shares of Tencent Holdings dropped 4.6% after it posted its slowest-ever sales rise.
