Russia and Ukraine crisis, China’s benchmark lending rate

SINGAPORE – Shares in the Asia-Pacific region fell in Monday morning trading, as investors continued to monitor the situation surrounding Ukraine.

The Nikkei 225 In Japan it is down 2% in early trade while Topix is ​​down 1.8%. South Korea Cosby down 1.64%.

Australia S & P / ASX 200 It fell by 0.82% in morning trading.

MSCI’s broadest index of Asia Pacific shares outside Japan traded 0.36% lower.

Fears of a possible Russian invasion of Ukraine are likely to continue to weigh on investor sentiment. our president Joe Biden Plans abruptly cancel on Sunday Back in Delaware after a high-level meeting on the Ukraine crisis.

Looking ahead, China is due to announce its latest benchmark lending rate on Monday, with the latest key one-year loan rate expected to be released at 9:15AM HK/Singapore time. All 24 financial institutions surveyed by Reuters early on expected no change in LPR for one year.

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Markets in the US are closed on Monday for a holiday.

Currencies

The US dollar indexwhich measures the US currency against a basket of other currencies, was at 96.109 after its recent rise from below 96.

The Japanese Yen It was trading at 114.92 per dollar after rising to around 114.8 per dollar late last week. The Australian dollar It was at $0.7167 after falling from above $0.72 late last week.

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