Asian markets fall as global investors worry about Russia-Ukraine tensions and upcoming Fed plans
CNN
Asian stocks plunged Tuesday, adding to the intense volatility seen in markets around the world over the past few days.
Markets in Asia Pacific fell sharply during morning trade, with Australia's S&P/ASX 200 and Japan's benchmark Nikkei (N225) sliding 2.9% and 1.9%, respectively. South Korea's Kospi (KOSPI) dropped 2.3%.
Chinese markets were more muted, with the benchmark Shanghai Composite (SHCOMP) Index down 0.7%. Hong Kong's Hang Seng Index (HSI) fell 1.6%.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.