# Asian FX, stocks slip as Russia-Ukraine tensions escalate | Reuters

> Asian currencies and stocks fell as escalating Russia-Ukraine tensions battered risk sentiment and pushed investors toward safe-haven assets. The South Korean won weakened in early trading before paring some losses.

- Date: 2022-02-22 · published 2022-02-22T12:00:00.000Z
- Category: geopolitics · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/42953-asian-fx-stocks-slip-as-russia-ukraine-tensions-escalate-reuters
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md)

## Why it matters

Risk-off flows strengthen the dollar and weaken higher-beta Asian currencies, which raises the local-currency cost of imported feed ingredients and energy for buyers in the region.

## Read by commodity

- DXY: bullish ▲
- USDKRW: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-22 | [Oil settles near 2014 high on Russia-Ukraine escalation \| Reuters](https://feedsoft.ai/events/42857-oil-settles-near-2014-high-on-russia-ukraine-escalation-reuters.md) | +5.3% | +23.0% |
| WTI | 2026-02-18 | [Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough \| Reuters](https://feedsoft.ai/events/20786-oil-settles-up-4-on-iran-us-tensions-russia-ukraine-talks-end-without.md) | +5.1% | +53.8% |
| WTI | 2022-02-24 | [Oil tops $105/bbl after Russia attacks Ukraine \| Reuters](https://feedsoft.ai/events/42853-oil-tops-105-bbl-after-russia-attacks-ukraine-reuters.md) | +20.2% | +24.7% |
| WTI | 2024-11-21 | [Oil rises 2% on supply worries as Russia-Ukraine war escalates](https://feedsoft.ai/events/27585-oil-rises-2-on-supply-worries-as-russia-ukraine-war-escalates.md) | -0.3% | +1.3% |
| WTI | 2025-12-19 | [Oil prices climb as US blocks Venezuelan tankers, eyes on Russia-Ukraine talks \| Reuters](https://feedsoft.ai/events/21665-oil-prices-climb-as-us-blocks-venezuelan-tankers-eyes-on-russia-ukraine-talks.md) | +0.8% | +7.3% |
| DXY | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | +0.0% | +0.0% |
| DXY | 2022-02-24 | [Dollar jumps to near two-year high as Russia invades Ukraine \| Reuters](https://feedsoft.ai/events/6980-dollar-jumps-to-near-two-year-high-as-russia-invades-ukraine-reuters.md) | +1.0% | +1.2% |
| DXY | 2022-02-24 | [Treasury yields slide as Russia invades Ukraine](https://feedsoft.ai/events/42877-treasury-yields-slide-as-russia-invades-ukraine.md) | +1.0% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/asian-fx-stocks-slip-russia-ukraine-tensions-escalate-2022-02-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.