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Asia Stocks Slump to 16-Month Low as Ukraine Tensions Grow

  • MSCI Asia index slides to lowest since November 2020
  • Japan’s Nikkei 225, Hang Seng Index lead region’s declines
Updated on

Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets. 

The MSCI Asia Pacific Index fell as much as 1.8% on Friday, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down 19% from a February 2021 peak, inching closer to bear market territory.