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Asian Daily Market Review

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    February 25, 2022 10:08 PM EST

    Asian Daily Market Review

    Asian markets were headed broadly lower on Friday morning after another selloff session on Wall Street overnight, and with investors remaining on edge in anticipation of an invasion of Ukraine by Russia. That said, Russian officials are denying that there are any plans to invade Ukraine, despite the clear build-up[ of Russian troops along the border of the two countries.To get more news about nsfx, you can visit official website.

    Japan’s Nikkei is trading 1.5% lower to lead losses across the region after the Yen strengthened considerably versus the U.S. dollar overnight on safe haven demand. Shares of Softbank Group are trading 1.2% lower, while Sony shares are falling 1.4%. Among the major exporters Toyota is edging higher by 0.1% and Panasonic is adding 0.2%, while Canon shares are falling 0.4%.

    In Australia the S&P/ASX 200 is losing 0.7%, with the big four banks contributing to the market weakness. Shares of ANZ are down 0.2%, while NAB shares are dropping 1.1%, Commonwealth Bank is 0.9% lower, and Westpac is falling 0.2%. The major miners are mixed and modestly changed, with BHP shares rising 0.3% and Rio Tinto shares falling 0.2%.

    Mainland Chinese markets have also opened to losses, with the benchmark Shanghai Composite trading 0.4% lower and the smaller cap Shenzhen Composite losing 0.5%. Meanwhile over in Hong Kong the Hang Seng is pacing the mainland market with a loss of 0.4%.

    In South Korea the Kospi is down 0.4%, and in Taiwan the Taiex has the same 0.4% loss.

    Southeast Asian markets are looking the best, with the KLCI in Malaysia and the Straits Times Index in Singapore both just slightly lower by less than 0.1%.