Asian markets fall again, oil builds on gains as Ukraine war rages

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Afif Abd Halim

Afif Abd Halim

Updated 1 minute ago ·
Published on 8 Mar 2022 2:30PM ·

Jakarta is the only market in Asia to eke out gains today as prices plummet across the region as a consequence of the Ukraine war. – EPA pic, March 8, 2022.

ASIAN markets mostly fell again today as investors try to assess the economic impact of the Ukraine war, while oil prices extended gains after rocketing to a near 14-year high.

As Russia’s invasion of its neighbour continues, commodity prices have been sent to record or multi-year highs, forcing observers to re-evaluate their outlook for the global recovery with some now warning of a period of soaring inflation and low growth or recession.

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