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Overnight Markets: US stocks plunge as Ukraine-Russia tension escalates

by Himanshu Singh on Mar 04, 2014 at 02:38

In Asia, shares oscillated between gains and losses on Tuesday as investors weighed the crisis in Crimea and ahead of the National People’s Congress annual meeting in China starting on Wednesday.

The MSCI Asia Pacific Index rose 0.2% to 137 as of 10:09 a.m. in Hong Kong after falling as much as 0.4%. Japan’s Topix climbed 0.7%, erasing losses of as much as 0.9% as the yen weakened.

South Korea’s Kospi index declined 0.1%. Australia’s S&P/ASX 200 Index added 0.2%, with the central bank projected to keep interest rates at a record low today. New Zealand’s NZX 50 Index rose 0.6%, extending gains from yesterday’s record close.

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