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Australian shares slide as Ukraine-Russia crisis escalates

Australian shares fell on Tuesday as tensions between Russia and the West grew after Moscow recognised two breakaway regions in eastern Ukraine namely Donetsk and Luhansk as independent.

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Shares; Illustration: Ajay Mohanty

Reuters Bengaluru
Australian shares fell on Tuesday as tensions between Russia and the West grew after Moscow recognised two breakaway regions in eastern Ukraine as independent, while supermarket chain Coles Group jumped after beating estimates for first-half profit.
 
The S&P/ASX 200 fell 1.1% to 7,150.8 by 2350 GMT after closing 0.2% higher in the previous session. Trading was thin due to a U.S. holiday on Monday. Russian President Vladimir Putin on Monday recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian Army to launch what Moscow called a peacekeeping operation into the area, upping the ante in a

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 22 2022 | 8:47 AM IST

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