Shares of banks and other financial institutions fell as risks increased of a Russian invasion of Ukraine.
"Few have had the experience of facing both geopolitical risks and a change in monetary policy ... the environment of today," said Kent Engelke, chief economic strategist with brokerage Capitol Securities Management, in a note to clients.
Shares of Chinese property developers slumped, led by Sunac China Holdings, after credit-rating agency Moody's Investors Service downgraded the developer's debt, citing constrained funding access and worsening liquidity.
A former Goldman Sachs Group managing director, Roger Ng, was set to go on trial on charges related to the multibillion-dollar looting of a Malaysian government fund, bringing renewed scrutiny to the Wall Street institution's role in the international scandal.
Life-insurance provider MetLife aims to unload about $1 billion in assets from its private-equity holdings through a secondary sale to lighten its balance sheet, The Wall Street Journal reported.
A potentially $8 billion share sale by Life Insurance Corp. of India, the country's largest insurer, will test global appetite for Indian stocks after a pullback by foreign investors.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-14-22 1727ET