Asian Equities Feel the Ukraine Pinch

Asian shares were on the defensive on Tuesday as tensions over Ukraine showed no sign of abating, with Russia tightening its grip on Crimea while the West sought measures to deter Moscow.

Nikkei futures in Chicago pointed to a fall of about 0.4 percent in Tokyo shares following a 1.3 percent fall on Monday, while MSCI’s broadest index of Asia-Pacific shares outside Japan sagged 0.1 percent.

As investors flocked to safe assets for fear of further escalation in geopolitical tensions, gold stood near a four-month high while the yield on U.S. Treasuries yield dropped to a one-month low, reflecting higher prices for the bonds.

Reuters

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