Equity markets mixed, oil falls over Ukraine war

HONG KONG: Equity markets were mixed on Thursday as investors contemplated the impact of surging inflation and central bank plans to hike interest rates, while oil prices dipped but remained elevated on fears of more sanctions on Russia that could hit already thin supplies.

The recent rally across equities over the past week appears to have run its course for now as investors nervously track developments in the Ukraine war, with efforts to reach a diplomatic solution crawling along.