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The Independent UK
The Independent UK
National
Jiang Junzhe

Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher

South Korea Financial Markets - (Copyright 2025 The Associated Press. All rights reserved)

Asian shares sank on Monday and oil prices jumped as trade tensions and the Russian-Ukraine conflict ratcheted up geopolitical uncertainty.

Hong Kong’s Hang Seng plunged more than 2% as Beijing and Washington traded harsh words over trade. U.S. President Donald Trump’s announcement that he will double tariffs on steel and aluminum to 50% layered on still more worries for investors.

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