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.
Both the leaders discussed the situation around Ukraine, including Beijing's position on a political settlement, Sputnik reported.
Ukraine's President Volodymyr Zelenskyy on Sunday fired commander of joint forces operation Major Gen Eduard Mykhailovich Moskalov.
Kamboj reiterated India's position in the Russia-Ukraine war and said that dialogue and diplomacy are the only viable way out.
China's deputy ambassador to the United Nations, Dai Bing, on Thursday, said that sending weapons to Ukraine will only add fuel to the war and will escalate the tension instead of bringing peace.
"It is a violation of the UN Charter and international law. It is having dramatic humanitarian and human rights consequences and the impact is being felt far beyond Ukraine," said Guterres.
