It was a turbulent weekend in Russia, but quite serene on Asian share markets today.

The ASX 200 lost 0.3% to close at 7,079 points, with the All Ords mirroring that performance to close at 7,264.

Japan's Nikkei was off 0.3% at 32,699 points approaching the end of trade.

Hong Kong's Hang Seng was a little weaker, while mainland China's two major indices in Shanghai and Shenzen saw bigger falls above 1.5%.

Swissquote Bank senior analyst Ipek Ozkardeskaya said markets are likely to remain largely unaffected by developments in Russia until they signal a major shift in the war outlook.

"The Wagner incident will likely remain broadly ignored by investors, unless there are fresh developments that could change the course of the war in Ukraine," she wrote.

"Until then, markets will be back to business as usual."

Locally, the biggest gainers were gold miners, led by a 4.9% jump for Capricorn Metals, amid some search for safe havens.

Graincorp was also up 2.4%, with Ukraine critical to the global supply, and therefore price, of many grains.

Grocery wholesaler and hardware store operator Metcash gained 4.7% on its annual profit result.

Some of the biggest losers were Syrah Resources (-6%), Imugene (-4.5%), Star Entertainment (-3.8%) and Mineral Resources (-3.5%).