News

Stocks, Futures Fall on Ukraine as Havens Advance: Markets Wrap

Reuters

Asia stocks hit 16-month low on Ukraine nuclear plant fire

Asian equities and the euro weakened on Friday while oil prices jumped as investors took fright from reports of a nuclear power plant on fire amid fierce fighting between Ukraine and Russian troops. The risk-off appetite battered markets across the region, sending Wall Street futures also lower, suggesting more pain for European and U.S. markets when they open later in the day. RIA News agency cited the Ukrainian atomic energy ministry as saying that a generating unit at the Zaporizhzhia nuclear power plant, the largest of its kind in Europe, had been hit during an attack by Russian troops.

Leave a Reply

Your email address will not be published.