Stocks fall, oil tops $100 a barrel as Ukraine war rages
ABC News
Asian stock markets have slid and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities
BEIJING -- Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities.
Shanghai, Tokyo, Hong Kong and Southeast Asian markets declined as President Vladimir Putin's invasion fed fears of global economic turmoil. Seoul gained and Sydney was little-changed.
Wall Street's benchmark S&P index lost 1.5% on Tuesday, deepening a two-month-old skid.
The war is adding to worries about global economic growth in the face of plans by the Federal Reserve and other central banks to fight surging inflation by raising interest rates.
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