SINGAPORE – Australia’s shares fell on Wednesday morning in trading due to the intensification of the crisis around Ukraine.
President of the United States Joe Biden Russia said on Tuesday began an “invasion” of Ukraine and announced sanctions against Russian banks and the country’s sovereign debt, among others. Biden’s statement came after the president’s approval by the Russian parliament Vladimir Putin On Tuesday, a request for the use of military force outside the country.
Markets in Japan are closed on Wednesdays for the holidays.
Overnight on the Wall Street S&P 500 fell 1.01% to 4,304.76 – more than 10% below the record close of January 3, leaving the index in correction. The Dow Jones industrial average fell 482.57 points, or 1.42%, to 33,596.61, while the Nasdaq Composite fell 1.23% to 13,381.52.
The US Dollar Indextracking the dollar against a basket of its counterparts, was at 96.066 after a recent drop above 96.2.