Tokyo stocks trade down more than 2% on worries over Ukraine

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Tokyo stocks traded down more than two percent in early trade Monday, as investors reduced risky bets after the White House warned of a possible imminent Russian invasion of Ukraine.

The benchmark Nikkei 225 index was down 2.41 percent or 668.24 points at 27,027.84 in early trade, while the broader Topix index fell 2.20 percent or 43.19 points to 1,919.42.

Japanese stocks this week will likely see volatile movements, as US stocks dropped sharply while Japan was on a three-day weekend,” Okasan Online Securities said in a note.

“The US government warned of the possibility of an imminent Russian invasion into Ukraine.—AFP

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