A satellite image shows a battalion-sized unit in a convoy near Filativka training area, Crimea February 15 2022. Picture: MAXAR TECHNOLOGIES
The Russian-backed separatists in eastern Ukraine accused government forces of opening fire on their territory four times in the past 24 hours and said they were trying to establish if anyone had been hurt or killed. Wall Street futures pointed to a lower open, although in Asia MSCI’s broadest index of Asia-Pacific shares eked out a 0.15% rise.Westpac analyst Sean Callow said markets were “clearly on edge” and vulnerable since a lot of traders had assumed tension was ebbing.
The Russia-Ukraine crisis is unnerving investors at a time when markets were already struggling because of concern that the pace of monetary policy tightening and the reduction in cheap cash will take some of the air out of highly valued share prices. Most major markets are down sharply in 2022, with the tech-heavy Nasdaq down by 12%.
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