Japanese and Chinese Stocks Fall Sharply

Japanese and Chinese stocks tumbled on Monday in a cautious session for Asian equities amid increasing tension in Ukraine, which kept risk appetite in check and helped bolster the safe-haven yen.

Pro-Russian rebels paraded European monitors they are holding in eastern Ukraine on Sunday, freeing one but saying they had no plans to release another seven as the United States and Europe prepared new sanctions against Moscow.

European shares were expected to open slightly higher even in the face of the rising tensions, with spreadbetters predicting Britain’s FTSE 100 .FTSE to open as much as 0.15 percent higher, Germany’s DAX .GDAXI to gain 0.12 percent and France’s CAC 40 .FCHI to rise 0.14 percent.

Reuters

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