Putin Recognises DPR & LPR, What Next?

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 474.27 points at 26436.6
• ASX 200 down 72.326 points at 7161.3
• Shanghai Comp. down 42.154 points at 3448.458
• JGB 10-Yr future up 20 ticks at 150.34, yield down 1.8bp at 0.195%
• Aussie 10-Yr future up 2.0 ticks at 97.790, yield down 2bp at 2.200%
• U.S. 10-Yr future +0-15 at 127-04+, yield down 6.4bp at 1.865%
• WTI crude up $2.79 at $93.86, Gold up $3.22 at $1909.49
• USD/JPY down 1 pip at Y114.73
• WEST TEES UP SANCTIONS FOR RUSSIA AFTER PUTIN BACKS LPR & DPR SEPARATION IN UKRAINE
• PUTIN ORDERS RUSSIAN PEACEKEEPERS TO EASTERN UKRAINE'S TWO BREAKAWAY REGIONS (RTRS)
• FED'S BOWMAN KEEPING OPEN MIND ON POSSIBLE HALF PERCENTAGE POINT RATE HIKE IN MARCH (RTRS)
• ECB’S VILLEROY: MUST TAKE TIME ON RATE DECISION TO AVOID ERROR (BBG)
• CHINA MAY CUT INTEREST RATE, RESERVE RATIO FURTHER (CSJ)
• CHINA VOWS LOCAL GOVERNMENT AID AS TAX CUTS TO EXCEED LAST YEAR (BBG)