This is after Kharkiv's eastern city has been subject to more heavy bombardment.
Strategically located where the Dnipro River flows into Black Sea, Kherson is the capital of the south provincial capital of approximately 250,000 people. It would be Moscow's first major city to fall.
A Ukrainian delegation left the country to continue talks with Russian officials about a possible ceasefire. The first round ended on Monday with little progress, Reuters reported.
While all eyes are on the peace negotiations, investors remain at the edge.
S&P 500 futures fell 0.05% today, while Asian stocks tracked the positive close to Wall Street overnight following the hint by Jerome Powell, Fed Chair, that a 25bps rate hike would be possible in March.