In Asian Equity Markets stocks fell on Tuesday after a tumultuous Wall Street session, with investors nervous about the situation in Ukraine and eyeing the U.S. Federal Reserve amid worries about a move to tighter monetary policy globally. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 1.2 percent, falling to its lowest in a month, and Japan’s Nikkei skidded 2 percent to its lowest level since August. There were sharp declines around the region. Hong Kong lost 1.64 percent and Korea’s KOSPI fell 1.67 percent. The Australian benchmark tumbled 2.73 percent to hit an eight-month low.

In Currency Markets the safe-haven yen and U.S. dollar rose on Tuesday while the risk-sensitive New Zealand dollar fell with the euro amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Fed policy tightening. Against the greenback, the euro fell 0.16 percent to $1.13135. The dollar declined 0.22 percent to 113.725 yen, nearing a one-month low of 113.47 touched in the previous session. The dollar index edged up 0.06 percent to 95.951. New Zealand’s kiwi dollar fell 0.37 percent to $0.6671. The Aussie fared relatively better, retreating 0.19 percent to $0.7132.

In US Equity Markets stocks bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell. The Dow rose 0.29 percent, to 34,364.5, the S&P 500 gained 0.28 percent, to 4,410.13 and the Nasdaq Composite added 0.63 percent, to 13,855.13. Shares of International Business Machines gained more than 6 percent in after-hours trading after the company beat revenue expectations on the strength of its cloud and consulting businesses.

In Commodities Markets oil prices fell about 2 percent on Monday, hit by investor concerns over the possibility of quicker than expected interest-rate hikes by the U.S. Federal Reserve that took down risk markets such as equities while the dollar rallied. Brent crude fell 1.8 percent, to $86.27 a barrel, while U.S. West Texas Intermediate (WTI) crude settled down 2.2 percent, to $83.31. Spot gold rose 0.4 percent to $1,840.16 per ounce. Spot silver fell 1.9 percent to $23.78 an ounce and platinum fell 1.1 percent to $1,017.81, while palladium rose 2 percent to $2,149.35.

In European Equity Markets stocks fell nearly 4 percent on Monday, pulled down by worries about a Russian attack on Ukraine and the possibility of a more hawkish U.S. Federal Reserve this week. The Europe-wide STOXX 600 index fell 3.8 percent, marking its worst day since June 2020. Europe’s travel & leisure stocks and rate-sensitive technology shares were the hardest hit, each falling more than 5 percent. Helping limit the decline in UK’s blue-chip FTSE 100, Unilever rose 7.3 percent after reports that Trian Partners, Nelson Peltz’s activist hedge fund, had built a stake in the consumer goods company.

In Bond Markets U.S. Treasury yields on most maturities slid on Monday, as investors grew nervous about a potential conflict between Russia and Ukraine as well as a Federal Reserve that is widely expected this week to flag an interest rate hike in March. In afternoon trading, the benchmark U.S. 10-year yield was up about half a basis point on the day at 1.7759 percent, after earlier hitting an 11-day low of 1.7070 percent. U.S. 30-year yields rose nearly 4 basis points to 2.1162 percent, reversing an earlier fall.