Tuesday, September 27, 2022
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The S&P 500 is in correctional territory as the crisis in Ukraine deepens

SINGAPORE – Australia’s shares fell on Wednesday morning in trading due to the intensification of the crisis around Ukraine.

S & P / ASX 200 in Australia fell about 0.1% in morning trading, with shares Westpac, Banking Group of Australia and New Zealand and National Bank of Australia all in negative territory.

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.

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The US Dollar Indextracking the dollar against a basket of its counterparts, was at 96.066 after a recent drop above 96.2.

The Japanese yen traded at 115.07 per dollar, which is weaker than yesterday’s levels below 114.8 against the dollar. The Australian Dollar was at $ 0.7225 after rising below $ 0.72 yesterday.

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The S&P 500 is in correctional territory as the crisis in Ukraine deepens

SINGAPORE – Australia’s shares fell on Wednesday morning in trading due to the intensification of the crisis around Ukraine.

S & P / ASX 200 in Australia fell about 0.1% in morning trading, with shares Westpac, Banking Group of Australia and New Zealand and National Bank of Australia all in negative territory.

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.

Stock Picks and Investment Trends from CNBC Pro:

Currencies

The US Dollar Indextracking the dollar against a basket of its counterparts, was at 96.066 after a recent drop above 96.2.

The Japanese yen traded at 115.07 per dollar, which is weaker than yesterday’s levels below 114.8 against the dollar. The Australian Dollar was at $ 0.7225 after rising below $ 0.72 yesterday.

Reported by Source link

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