Business

Asian stocks muted on Ukraine crisis

By Kay Johnson
Published March 4, 2014 4:52am ET
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Asian stocks muted on Ukraine crisis
Trader Peter Tuchman works on the floor of the New York Stock Exchange, Monday, March 3, 2014. Global stock markets are down sharply on tensions over Russia's military advance into Ukraine and the threat of sanctions by Western governments. (AP Photo/Richard Drew) | Richard Drew

MUMBAI, India (AP) — Asian stock markets were subdued Tuesday after investors around the world took fright at how the crisis in Ukraine might escalate.

Oil prices settled somewhat after spiking by 2.3 percent Monday on the possibility of Western sanctions against Russia for its military incursion into the Ukraine’s Crimean peninsula. Russia is one of the world’s leading energy exporters.

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