Asia-Pacific stocks mixed as investors watch China’s Covid surge
China -1.30% China reports 1,524 local covid cases — a peak in two years.
Rising coronavirus cases have plunged Shenzen and parts of Shanghai return to containment, as well as in other areas; Toyota is halting production at its Chinese plant in Changchun City due to the lockdown.
hong kong -3.81%.
Update to Russian invasion of Ukraine: War in Ukraine – air raid sirens go off (at least) 19 out of 24 regions of Ukraine
Russian attack in Ukraine just 15 miles from Poland – a “significant” development.
The United States and China will appointment for “high level” talks on Ukraine.
Oil prices fell as much as $4 a barrel on Monday, extending last week’s decline as diplomatic efforts to end the war in Ukraine intensified and markets braced for higher U.S. rates students.
Brent futures were down $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.
United States West Texas Intermediate (NYSE:WTI crude futures fell $3.10 or 2.8% to $106.23 a barrel.
Gold prices fell on Monday as US Treasury yields rose on expectations of a rate hike, with higher risk appetite on hopes of peace between Russia and Ukraine, which has further undermined bullion’s appeal.
Palladiumused by automakers in catalytic converters to reduce emissions, fell 3.9% to $2,705.18 an ounce.
US futures falling. Dow Jones +0.62%; S&P500 +0.55%; Nasdaq +0.31%.