Asian equities started the week with losses on Monday amid rising geopolitical tensions over Ukraine.
The U.S. and Europe are expected to step up sanctions on Moscow as early as Monday after pro-Russian rebels in east Ukraine took eight European military inspectors hostage and seized the headquarters of a regional television station in the city of Donestsk over the weekend.
“The Ukrainian tensions are once again mounting and the word coming from Capitol Hill and also Europe is that sanctions on Russian officials will be harder, more direct and onerous on President Putin’s inner circle; this will disrupt normal trading conditions,” said Evan Lucas, market strategist at IG in a morning note.
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