HONG KONG–Asian stocks dropped Wednesday, following a sharp fall on Wall Street over fears of a market correction and concerns the conflict in Ukraine could escalate.
Analysts cited comments by Polish Foreign Minister Radoslaw Sikorski, who said Russia had increased its military presence on the Ukraine border, suggesting the situation could deteriorate.
Tokyo’s Nikkei fell 1.05 percent, or 160.52 points, to close at 15,159.79, Sydney dropped 0.12 percent, or 6.6 points, to finish at 5,512.0, and Seoul shed 0.27 percent, or 5.53 points, to 2,060.73.
Hong Kong finished down 0.26 , while Shanghai slipped 0.11 percent, or 2.48 points, to …read more
Source: The Philippine Daily Inquirer
