Asian shares fell again today (August 6th) amid worries that the conflict in Ukraine could escalate. Asian traders were following the lead of Wall Street, which dropped after news reports of a buildup of Russian troops on the Ukraine border.
Polish foreign minister Radoslaw Sikorski has said Russia is poised to invade or militarily pressure Ukraine's eastern border.
Tokyo's Nikkei fell 1.05 per cent to close at 15,159.79, while Sydney lost 0.12 per cent to finish at 5,512.0. Seoul was down 0.27 per cent to 2,060.73 and Shanghai slipped 0.11 per cent to close at 2,217.47.
"If Poland is indeed right that Russia is about to increase its presence in the east of Ukraine, buyers of all things risk will disappear fast as this is an indefinable outcome for markets," IG strategist Evan Lucas told Dow Jones Newswires.
Learn about the Asian markets and CFD trading at City Index.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.