Stock Exchange: Asia closes sharply, spotlights on sanctions on Russia

(ANSA) – MILAN, FEBRUARY 25 – Asian stock exchanges closed sharply after the crash of the eve of Russia’s attack in Ukraine. Investors assess the impact of the global conflict and the international community’s sanctions on Russia.

Closing in sharp rise for Tokyo (+ 1.95%). On the foreign exchange market, the yen continues its revaluation phase against the dollar at 115.20, and has changed little against the euro at 129.20. With negotiations still in progress Shanghai (+ 0.61%), Shenzhen (+ 1.26%), Seoul (+ 1.06%), Mumbai (+ 2.62%) are also on the rise. In contrast Hong Kong (-0.59%). The lists are supported by the performance of the technology sector.

On the macroeconomic front, the data on business and consumer confidence in Italy and the Eurozone are on the way. Final GDP for the fourth quarter is forecast from Germany and France. Inflation and consumption figures are also expected from France. From the United States, orders for durable goods, consumption data and consumer confidence. (HANDLE).

Source: Ansa

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