Asian Equities Lower on Ukraine Tensions

Asian equity markets opened lower on the final trading day of the week amid concerns of a worsening situation in Ukraine.

On Thursday, Ukraine accused Russia of invading the country following a fresh offensive into the coastal town of Novoazovsk. The accusation came after NATO warned that Russia has moved “well over 1,000 troops” into Ukraine, releasing photos purporting to show troop movement in the region.

That saw U.S. stocks decline overnight with the S&P 500 halting a three-day winning streak to end below 2,000. But strong economic data helped stem the losses; second-quarter growth was revised higher to show a 4.2 percent gain while pending home sales hit an eleven-month high.

CNBC

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