Global stocks dived as Ukraine stated that Moscow had launched a full-scale invasion.
New Delhi: Russia’s Moscow Exchange on Thursday resumed trading after a near two-hour suspension amid the Ukraine crisis. Russian stocks slumped more than 50 per cent once the trading started on Moscow Exchange at 10 am (12:30 pm IST). The exchange had suspended trading after Russian President Vladimir Putin announced “a special military operation” against Ukraine.
As of 2 pm (IST), the RTS index crashed as much as 50.05 per cent to 612.69-level and MOEX Broad Market 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 U.S. bond yields dived, while the dollar, gold and oil prices rocketed higher as Ukraine stated that Moscow had launched a full-scale invasion.
Tokyo’s Nikkei was 2.4 per cent lower. U.S. stock market futures were also plunged sharply, with S&P 500 e-minis down 2.3 per cent and Nasdaq futures 2.8 per cent weaker.
Brent crude futures jumped more than 3.5 per cent to shoot past $100 a barrel for the first time since September 2014.
Spot gold jumped more than 1.7 per cent to hit its highest level since early January 2021 as investors sought shelter in safe-haven assets. U.S. dollar jumped more than half a per cent to 96.715.
The sell-off spread to cryptocurrency markets, pushing bitcoin below $35,000 for the first time in a month.
It also impacted the domestic indices as equity benchmarks BSE Sensex and NSE Nifty crashed more than 3 per cent each.
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