Asian shares fall as Russian forces pound Ukraine capital

By ELAINE KURTENBACH
AP Business Writer

BANGKOK (AP) — Stocks have fallen in Asia and oil prices slid further as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Markets remain jumbled as investors try to gauge various economic impacts from the war in Ukraine, upcoming rate hikes by central banks and new virus lockdowns in China. Tokyo rose while markets in China, Australia and South Korea fell. The S&P 500 gave up an early gain, closing 0.7% lower. The Nasdaq fell 2% and the Dow Jones Industrial Average closed just barely in the green. The 10-year Treasury yield, a benchmark for mortgage rates, touched its highest level since the summer of 2019.