Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory |
Defense Ministry Denies Thailand’s Unfounded Allegations Over Landmine Incident | Cambodian Government Responds to Thailand’s Diplomatic Actions Amid Border Tensions | PM: Cambodian Armed Forces Courageously Defending Sovereignty and Territorial Integrity | Cambodian Condemns Thailand's Aggressive Military Operations in Border Tension Areas | Cambodia Condemns Thai Military Aggression, Urges Immediate Withdrawal | Cambodian Ministry of National Defense Releases Timeline of Border Clashes on July 24, 2025 | Thailand Launches Airstrikes on Cambodian Military Targets, Prompting Regional Anxiety | Cambodian Army Asserts Right to Self-Defence Following Thai Incursion | Hun Sen Commands Military Operations Alongside Prime Minister Hun Manet, Denies Reports of Fleeing, Says Spokesperson | Cambodian Military Claims Control of Ta Krabey, Ta Moan Thom Temples Amid Border Clashes | PM Hun Manet Urges Calm and Respect Amid Ongoing Border Clashes with Thailand | Government Spokesperson: Thailand Using Landmine Allegations as Pretext for Invasion | Border Conflict Escalates: Cambodian and Thai Forces Continue Clashes as of 6 PM | Cambodia Condemns Thai Military for Violating World Heritage Site, Calls for Immediate Action | Cambodia Condemns Thai Military Attacks and Cluster Bombing on Border Areas, Vows Firm Response | BREAKING: Heavy Thai Assault on Ta Moan Thom Temple as Cambodian Forces Resist Fiercely | US Calls for Immediate End to Cambodia-Thailand Border Conflict | TOP NEWS: Malaysia’s Prime Minister Anwar Ibrahim, As ASEAN Chair, Urges Cambodia and Thailand to Consider Ceasefire | UN Urges Restraint as Tensions Mount at Thailand-Cambodia Border | Thailand Seeks Diplomatic Solutions Amid Escalating Border Clashes with Cambodia; Cambodia Condemns Airstrikes | Nation Unites in Humanitarian Effort: Blood Donation Drive Supports Emergency Preparedness Amid Border Tensions | Thailand Rejects International Mediation in Ongoing Cambodia Border Conflict | Cambodia Reports Intensified Thai Attacks and Condemns Use of Cluster Munitions in Urgent Third Briefing of the Day | Cambodia Responds Firmly as Day Two of Border Skirmishes Unfold | BREAKING NEWS: Prime Minister Hun Manet Clarifies Cambodia’s Position on Ceasefire Proposal Amid Border Tensions | BREAKING NEWS: Cambodia Denounces Thailand’s Military Actions as Violations of Sovereignty and International Law | UN Urges Restraint as Thailand-Cambodia Clashes Displace Thousands; Security Council Holds Emergency Meeting | Cambodia Confirms Troops Still Holding Mount Trop as Thailand Cannot Raise Flag on Sovereign Territory |

Asia stocks skid as Ukraine war, China's COVID surge weigh

INTERNATIONAL: Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years, which could come this week.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 1.91%, led by Chinese stocks. The index is down 8.2% so far this month.

Hopes that talks between Russia and Ukraine due to resume on Tuesday could provide a resolution to the conflict prompted a sharp fall in global oil prices.

However, the fourth round of negotiations began Monday with no major progress seen, adding to the nervousness in equity markets.

During the Asian session, U.S. crude slipped a further 2.54% to $100.44 a barrel, in line with broader asset selling. Brent crude was down 2.27% to $104.42 per barrel.

In U.S trading, oil prices had fallen as much as 5.8% as prospects of a positive outcome in Ukraine talks eased concerns about major supply disruptions.

But adding to the overall negative sentiment are rising case numbers of COVID-19 in China, which investors fear will hurt the mainland's economic growth in the first quarter.

"Right now everyone is looking at the Chinese cases and realising that has to have an effect on production," said Hong Hao, BOCOM International's head of research.

"China's growth in the first quarter could be closer to zero than 5.5%. There's a ripple effect. There's Ukraine, the risk of U.S. sanctions on China and rising Chinese domestic COVID cases - it does not look good."

Hong Kong's Hang Seng Index (.HSI) remains mired in negative territory, dropping 3.8% early on Tuesday, following an almost 5% selloff one day earlier. Hong Kong's main board is down 17% so far in March.

China's CSI300 index (.CSI300) was down 2.3%.

China on Tuesday reported 3,602 new confirmed coronavirus cases compared with 1,437 on Monday, according to the National Health Commission.

Investor focus is also on the U.S Federal Reserve, which meets on Wednesday and is expected to hike interest rates for the first time in three years to offset rising inflation.

Australian shares (.AXJO) slipped 0.5% while Tokyo's Nikkei Index (.N225) was marginally higher, up 0.17%.

U.S. stocks experienced a mixed session, with declining technology companies prompting most indexes to close lower Monday.

The Dow Jones Industrial Average (.DJI) was mostly flat, the S&P 500 (.SPX) lost 0.74% and the Nasdaq Composite (.IXIC) dropped 2.04%.

The yield on the benchmark 10-year Treasury notes rose to 2.1419% compared with its U.S. close of 2.14% on Monday.

The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 1.865%, up from 1.849%.

Gold was also weaker in Asia with the spot price at $1,949.21 per ounce.


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