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 manner in which Ukraine criticised a suggestion for mediation by Brazilian President Luiz Inacio Lula de Silva ~ which was that a group of neutral nations come together to broker peace ~ by alleging he was giving equal weight to the victim and aggressor suggested Kyiv’s rigidity.
NATO Secretary-General Jens Stoltenberg on Thursday paid a surprise visit to Kyiv, marking his first trip to Ukraine since Russia began its full-scale invasion last year.
This should be followed by a huge community-based, participative, decentralised programme for rehabilitation and reconstruction in Ukraine with decisions and priorities under the democratic control of people but helped by unconditional international financial support.
The Indian prime minister and the Ukrainian president have spoken over the phone in the past year, but India has refrained from condemning Russia’s invasion and has abstained several times from voting on UN resolutions against Moscow.
After initial suggestions that the leaks may have been the handiwork of Russian or pro-Russian hackers, analysts are coming around to the view that the source of the 100 plus documents and slides may in fact be an American.
