Stocks regroup as investors hold their breath on Ukraine

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stocks steadied on Wednesday and demand for safe-havens waned a little as investors regarded Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid a war, while a rate hike lifted New Zealand’s dollar. Commodity prices remain elevated, however, and traders are still nervous over the situation on Europe’s eastern edge. Overnight oil struck a seven-year high while the S&P 500 index tipped into correction territory, having dropped more than 10% from January’s record peak. [O/R][.N] S&P 500 futures were up 0.4% in ea…

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