Asian stocks extend a global slump amid growing tensions over the Russia-Ukraine conflict

Overall, U.S markets were not doing that well taking a cue from there and Asian shares have also extended global slum. After a hawkish European central bank bolstered expectations for more aggressive rate hikes.

It has hammered sentiment which is already stung by the Ukraine war across the world. Now sellers, swarmed Chinese equity markets after U.S-listed Chinese stock tumbled following the naming of first Chinese firms to be potentially delisted in the U.S.

[caption id="attachment_11" align="aligncenter" width="472"] Asian stocks extend a global slump amid growing tensions over the Russia-Ukraine conflict[/caption]

Risk appetite has suffered more broadly as investors praised for faster tightening of monetary conditions. After data earlier showed a 7.9% annualized jump in U.Sconsumer inflation in February. Its largest increase in 40 years.

Meanwhile overall, at market SENSEX down by around 0.3%, NIKKEI 2.67%, SHANGHAI 2.16%, HSI of Hong Kong over 3%, KOSPI of South Korea over 1%. All Asian markets are in deep red as the trade happens there.