prices rose after President Vladimir Putin announced Russian military action in Ukraine. Market indices in Tokyo and Seoul fell 2% and Hong Kong and Sydney indices lost more than 3% on Thursday. Oil prices jumped nearly $3 a barrel amid concerns about a possible disruption to Russian supplies. Earlier, Wall Street's benchmark S&P 500 fell 1.8% to an eight-month low after the Kremlin said rebels in eastern Ukraine had requested military assistance.
And in a development, I scared investors. Ukraine's ambassador to the United Nations told the Security Council that Russian President Vladimir Putin had "declared war on Ukraine". He also pressured his Russian counterpart to announce that Russia would not bomb or bomb Ukrainian cities.
Nebenzia replied: “This is not called war. This is called a special military operation in the Donbass.”
Source: Financial Digest (financialdigest.net)
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