Stocks in Hong Kong tumbled more than

four percent in the first few minutes of trade Monday as investors grow
increasingly worried about the impact of the Ukraine war on the global
economy.

The Hang Seng Index dived 4.35 percent, or 953.14 points, to 20,952.15.

The losses mirrored hefty selling across Asian markets, with no let-up in
Russia’s invasion of its neighbour, which has sent the price of commodities
soaring to record or multi-year highs.

Oil rocketed to nearly $140 — its highest since 2008 — on concerns about
supplies being choked off from eastern Europe as world leaders impose tough
sanctions on Russia, the world’s third-biggest crude producer.