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Asian stocks mixed with Ukraine a factor, China bucks trend

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Investing.com -

Investing.com - Asian shares were mixed on Monday with developments in the Ukraine weighing on global sentiment.

Hong Kong's Hang Seng index fell 0.70% to 22,678.04 and Japan's Nikkei 225 eased 1.75% at 14,581.83. But the Shangahai Composite index rose 0.80% to 2.072.76 to buck the trend.

China bucked the trend ahead of the start of the annual meetings of the country's parliament due on Wednesday with Guizhou Space Appliance up 6.6% to 16.37 yuan and China Spacesat gaining 3.2% to 19.00 yuan.

Leaders of the G7 nations called on Russia to respect the terriotial integrity of the Ukraine, and said for the time being that meetings under the G8 framework that includes Moscow stand suspended.

The dispute has spilled over into emerging markets on concerns of higher oil prices and possible slack in global trade if the standoff is prolonged.

In Southeast Asia, Singapore's Straits Times index fell 0.80% lower and the Philippines PSEi and Malaysia's KLCI lost 0.70% each.

Last week, U.S. stocks closed mixed with the Dow Jones Industrial Average up 0.30%, the S&P 500 index up 0.28%, while the Nasdaq 100 index declined 0.10%.

Meanwhile, across the Atlantic, European stock markets were mixed at the close last week. France's CAC 40 was up 0.27%; Germany's DAX gained 1.08%; Britain's FTSE 100 declined 0.01%; and the EURO STOXX 50 rose 0.16%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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