SINGAPORE/HONG KONG—Global stocks tumbled while safe-havens rallied and oil surged on Tuesday as Europe’s eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.
MSCI’s broadest index of Asia Pacific shares outside Japan was on course for its worst day for this month, off 2.1 percent, weighed by markets in Hong Kong and mainland China. Japan’s Nikkei shed 2.5 percent.
