Tokyo stocks retreat amid geopolitical, economic uncertainties
Tokyo stocks retreated on Wednesday as investors grappled with heightened uncertainties surrounding US monetary policy and geopolitical tensions between Ukraine and Russia.
Tokyo stocks retreated on Wednesday as investors grappled with heightened uncertainties surrounding US monetary policy and geopolitical tensions between Ukraine and Russia.
The outgoing Biden Administration’s authorisation for Ukraine to carry out long-range missile strikes against Russian targets using US weaponry signals a significant escalation in the on-going conflict.
The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.
The on-going conflict in Ukraine has sent shockwaves through global energy markets, impacting everything from international relations to commodity prices.
The BRICS summit has once again brought the group’s growing global clout into sharp focus, particularly in the context of the ongoing war in Ukraine.
The four leaders US President Joe Biden, Australian PM Anthony Albanese, Japanese PM Fumio Kishida and PM Modi issued a joint statement after the meeting.
The joint communique stated that the leaders of the Group of Seven countries are taking concrete steps to support Ukraine for "as long as it takes" in the face of Russia's illegal war of aggression.
Russia confirmed that the grain export deal, formally known as the Black Sea Grain Initiative, has been extended for two months, a day before it expires.
France has promised to deliver many additional light tanks and armoured vehicles to Ukraine amid its ongoing conflict with Russia and also to train Ukrainian forces how to operate them, Al Jazeera reported.
After meeting with his Italian counterpart and Italy's Prime Minister Giorgia Meloni, Zelenskyy said that Ukrainian forces were "preparing very seriously."
