An investor monitors share price movements at Asia Plus Securities’ headquarters on Sathon Road, Bangkok. (File photo: Pornprom Satrabhaya, Bangkok Post)
Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets.
The MSCI Asia Pacific Index fell as much as 1.8% on Friday, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down 19% from a February 2021 peak, inching closer to bear market territory.
Ukraine told the International Atomic Energy Agency the fire “has not affected ‘essential’ equipment,” and that there had been no change reported in radiation levels. While stocks fell, haven assets such as…
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