Asian markets track losses on Wall St on Ukraine conflict fears

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Asian markets fell and oil prices rallied Monday after the United States warned Russia could attack Ukraine within days as diplomatic efforts to prevent a war appeared to fail, while fears over inflation were also keeping traders on edge.

The losses matched a sell-off in New York and Europe on Friday as Western powers prepare for a conflict in eastern Europe after Russian President Vladimir Putin dismissed calls by US counterpart Joe Biden and others to pull back.

Governments have told their citizens to leave Ukraine and US national security advisor Jake Sullivan warned last week that an invasion could begin “any day now”.—AFP

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