New Delhi’s European and Asian stocks tumbled on Monday after the United States warned that a Russian invasion of Ukraine could happen as early as this week.
With the opening of markets in Europe, London’s FTSE 100 is down 1.9%, while Germany’s DAX 30 and France’s CAC 40 are down 3.1% and 3.2%, respectively.
Investors in Asia were similarly nervous, as Japan’s Nikkei 225 closed down 2.2%, while South Korea’s Kospi was down 1.6% in late trading.
Chinese markets also suffered losses, with the benchmark Shanghai Composite index down 1%. Hong Kong’s Hang Seng Index fell 1.4%.
US futures also pointed lower, with Nasdaq, S&P 500 and Dow all down 0.8%, 0.7% and 0.6% respectively.
Brent crude futures were trading at $94.22 a barrel — after starting the year at $78.11 — as concerns mounted that a Russian invasion of Ukraine could disrupt power supplies.
European prices for natural gas and electricity have soared.
This weekend, US President Joe Biden warned Russian President Vladimir Putin during a phone call that the United States and its allies will respond “decisively and impose swift and severe costs” on Russia in the event of an invasion.
Russia has more than 100,000 troops near the Ukrainian border, with thousands added this week alone, according to a US government official.
Source: CNN Brasil
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