We live in a world of aggressive inflation, crashing economies, and now war.??
Russian President Vladimir Putin's surprise announcement to attack Ukraine today morning left the world clutching onto their seats. Shortly after the announcement, blasts were heard from across the country and Ukrainians were seen taking shelter at metro stations in the capital city of Kyiv.?
Following this, Russia's Moscow Exchange on Thursday resumed trading after a near two-hour suspension due to the invasion. According to reports, Russian stocks dipped more than 50 percent once the trading started on Moscow Exchange at 10 am (12.30 PM IST).?
The exchange was suspended for a couple of hours after President Putin announced "a surprise special military operation" against Europe's second-largest country after Russia.?
However, around 2 PM IST, the?Russia Trading System Index, or RTS index, crashed as much as 50.05 percent to?612.69-level and MOEX Broad Market (Moscow Exchange)?dived 44.59 per cent to 1,226.65.?
The exchange's volatility (fear) index surged as much as 35.10 per cent.
Global stocks and US bond yields also slumped, but the dollar, gold and oil prices shot up as Ukraine stated that Moscow had invaded them.?
Tokyo's Nikkei was 2.4 percent lower, and the US stock market futures also plunged sharply, with S&P 500 e-minis down 2.3 percent and Nasdaq futures 2.8 percent weaker.?
Brent crude futures shot up by 3.5 per cent to shoot past $100 a barrel for the first time since September 2014.
Spot gold went up by more than 1.7 percent to hit its highest level since January 2021 as investors rummaged through safer assets. The US dollar jumped more than half a percent to 96.715.
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