Stocks fall as Ukraine crisis deepens, oil prices rally

S&P 500 futures shed 1.6% and Nasdaq futures lost 1.8%. Overnight, Wall Street ended lower as investors remained on edge over the Ukraine crisis, while rising prices of commodities also weighed on market sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.8% and traded near the day's lows. Markets across Asia were in a sea of red, with Japan down 2.3%, South Korea fell 1.4% and commodities-heavy Australia also lost 1.2%.

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