Bold new sanctions on Russia and more weapons for Ukraine were announced over the weekend. Russia responded by raising the readiness of its nuclear forces. As a result, the risk-on seen ahead of the weekend has been reversed. When then-US President Trump ordered the assassination of Iran's Major-General Soleimani in January 2020, it seemed to signal a year of geopolitics. Instead, it was about Covid. At the end of last year, Omicron threatened to keep the pandemic front and center. Instead, with Russia's invasion of Ukraine and the large-scale response, geopolitics has eclipsed the pandemic. Asia Pacific equities ... (full story)