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On the 24th local time, Russian President Vladimir Putin has made a decision to conduct a special military operation in the Donbas region.
Global risk aversion is heating up again. The U.S. dollar index DXY rose 12 points in the short-term and is now at 96.44. Spot gold prices rose to their highest level since January 2021, weighed by tensions in Ukraine. U.S. stock index futures plummeted, Nasdaq futures fell more than 1% again, S&P 500 futures fell 0.9%, and Dow futures fell 0.81%.
Brent extended gains to 1.7%, weighed by tensions between Russia and Ukraine.
Gold prices rose to their highest level in more than a year as escalating tensions in Ukraine boosted demand for safe-haven assets. The intensifying crisis in Eastern Europe has boosted the trend of gold, and in times of geopolitical turmoil, gold’s store of value function will be highlighted. Spot gold rose as much as 0.6% to $1,920.95 an ounce, its highest level since January 2021.
South Korea’s Seoul Composite Index fell 2%, while Hong Kong’s Hang Seng Index fell more than 2%.
Russian President Vladimir Putin has decided to carry out a special operation to “protect” the Donbas region in eastern Ukraine, TASS news agency reported. The report quoted Putin as saying that Russia did not intend to occupy Ukraine.
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Responsible editor: Wang Yongsheng