Global stocks and asset classes tumbled after Russian forces attacked cities across Ukraine after President Vladimir Putin order operation to demilitarizing the country.
Russian tanks are now reportedly rolling into Ukraine from Crimea. The attacks on Ukraine have been accompanied by separatists launching assaults in the eastern part of the country. A senior Russian lawmaker said Russia aims to ensure a pro-Moscow government in Kyiv, pushing out U.S. influence.
World leaders condemned the act by Russia and signaled more sanctions to follow. President Biden to meet G7 leaders later this evening.
The CSI300, HSI, KOSPI, SET and TOPIX sharply dipped into loss by 2.30%, 3.21%, 2.60%, 1.99% and 1.25% respectively.
Russian stock market Rout wiped out $250 billion in value.
U.S futures Dow Jones, S&P 500 and Nasdaq 100 down by 2.20%, 2.17% and 2.83% respectively.
Oil topped $100 with WTI reaching $100.20 per barrel and Brent $105.48 per barrel.
