Asian shares had a mixed trading session on Monday, with the vote in Crimea backing a union with Russia failing to have a major impact.
Japan’s benchmark Nikkei 225 closed down 0.35% at 14,277.67.
Hong Kong’s Hang Seng index fell 0.3% while, the Shanghai Composite Index closed up nearly 1%.
“The market has almost entirely brushed [Crimea] off because it was expected,” said Invast Financial Services’s Peter Esho.
Global markets fell last week as investors worried about the Ukraine crisis and China’s economy.
Some 95.5% of voters in Crimea – a region of Ukraine near the Black Sea – have supported joining Russia, officials say, after half the votes have been counted in a disputed vote.
Both the European Union and the US have condemned the referendum as illegal and many Crimeans loyal to Kiev boycotted the vote.
Crimea’s leader has said he will apply to join Russia on Monday. Russia’s Vladimir Putin has said he will respect the Crimean people’s wishes.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.