Per edited: Bi Luming
The Russo-Ukrainian War began today, and panic quickly swept across the global market.
On February 24, the three major U.S. stock indexes collectively opened low, and the Dow fell by more than 800 points at one point. As of press time, the Dow was down 2.18 percent, plunging more than 700 points; the S&P 500 was down 1.45 percent, and the NASDAQ was down 1.04 percent, down more than 20 percent from its record-high closing price on November 19 last year, entering a technical bear market.
Meanwhile, Russia's RTS index fell nearly 40 percent, Britain's FTSE fell more than 3 percent, France's CAC and Germany's DAX both fell nearly 4 percent.
In terms of individual stocks, gold stocks and oil stocks strengthened, with Harmony Gold up 6%, Hekla Mining up more than 4%, Marathon Oil up nearly 4%, and Western Oil up nearly 3%. Tech stocks fell, with Tesla down more than 8 percent, Nvidia down more than 6 percent, Apple down nearly 5 percent, and Amazon, Netflix, and Meta Platforms all down more than 3 percent.
European stocks plummeted across the board, and the Russian stock index once slashed
In terms of the European capital market, the European market opened low across the board in the evening, and important indices such as Britain, France and Germany plummeted.
The Russian MOEX index was even more waist-cut at one point, and as of press time, it still plummeted by 27%. The Central Bank of Russia notifies brokers onshore that short-term trading will be suspended from 11:00 on the same day until the Central Bank issues another notice to resume trading.
In this case, safe-haven funds have flowed to precious metals and oil, resulting in a surge in related commodities. As of press time, European gas prices surged 52 percent to more than $1,560 per thousand cubic meters.
Separately, the U.S. 10-year Yield fell more than 13 basis points to 1.8612 percent, its biggest one-day decline since late November.
On the 24th, A-shares and Hong Kong stocks, the three major stock indexes weakened sharply in the afternoon, the Shanghai index rebounded after touching the 3400 point mark, and the computer, Internet, and liquor fell ahead; military, gold, and oil rose against the market. As of the close, the Shanghai index was down 1.70%, the Shenzhen component was down 2.2 percent and the Chuang index was down 2.11 percent. The turnover of the two cities exceeded 1.3 trillion yuan, the net outflow of northbound funds exceeded 3.3 billion, and individual stocks fell more than 4,000 companies fell.
In Hong Kong stocks, the Hang Seng Index closed down 3.21% and the Hang Seng Technology Index fell 4.33%. Most of the industry sectors fell, with Alibaba falling more than 6% and the Hong Kong Stock Exchange falling more than 5%.
Ukraine announces the formation of an "anti-Putin coalition"
According to CCTV News on the 24th, on the 24th local time, Ukrainian President Zelenskiy announced the establishment of an "anti-Putin alliance". Earlier on the 24th, Zelenskiy issued a video speech saying that he had called the leaders of the United States, Britain, the European Union, Poland and Lithuania and would jointly form an "anti-Putin coalition".
It should be noted that on the 24th local time, the Ukrainian Army said that the Ukrainian army used the "Javelin" anti-tank missile system developed by the United States in Samui to destroy 15 Russian tanks.
In addition, on the 24th local time, The Mayor of Kiev of Ukraine, Klitschenko, said that the Ukrainian capital Kiev will implement a curfew policy. Subsequently, the Ukrainian region of Cherkasser also announced that a curfew policy would be imposed.
Image source: Visual China
Foreign media said that the Russian military controlled the air base near Kiev
According to the China News Network reported on the 24th, according to the Ukrainian correspondent of CNN, Russian troops have taken control of Antonov Airport, which is about 25 miles from the center of Kiev, Ukraine. The Russian commander also told CNN that they had a gun battle with the Ukrainians. However, the Ukrainian army said that a counter-offensive was underway to try to retake the airfield. The report said that the sound of aircraft was heard in the air and smoke was seen rising from the inside of the air base.
In addition, according to the China News Network quoted agency Agence France-Presse, Ukrainian officials said that fierce fighting is raging near the Chernobyl nuclear power plant in Ukraine.
White House: The United States will not send troops to Ukraine under any circumstances
According to the news of China News Network on February 24, according to the Russian Satellite News Agency, on the 23rd local time, US White House spokesman Psaki said that the US government will not send troops to Ukraine to fight Russia under any circumstances.
At a regular news conference, Psaki said there was no case where U.S. President Joe Biden would send troops to Ukraine to fight Russia. She stressed that Biden would not change that decision under any circumstances, "We will not fight Russia, we will not deploy forces in Ukraine against Russia." ”
According to the "Russia Today" (RT) report, on the 22nd local time, the leaders of donetsk and Luhansk sent letters to Russian President Putin, requesting Russia to provide military assistance. Biden also issued an order on the 22nd local time, asking the US Department of Defense to adjust the deployment of troops in Europe and the United States, and increase troops and equipment to the Baltic Sea region, Poland and other regions to strengthen the defense capabilities on the eastern side of NATO.
Institutions: The escalation of the Conflict between Russia and Ukraine has disturbed the market, and it is still optimistic about the medium- and long-term performance of A-shares
According to Xinhua Finance, peripheral geopolitical factors have an impact on market risk appetite. Huaxia Fund said that within 7 days of the occurrence of international local conflicts, the global equity market does have the possibility of being dragged down in the short term, and if the observation time point is extended, it will be found that the impact of geopolitical disputes on the equity market is relatively limited, and will not have a core impact on the medium- and long-term trend of large-scale assets. According to the Southern Fund, as far as the country is concerned, the policy environment is friendly and the policy of stable growth is continuous. Under the intertwining of long and short factors, it is expected that the short-term probability of A shares will continue to show a shock pattern, and if the overseas negative factors land smoothly in the follow-up, A shares are expected to regain an upward trend.
Yi Bin, a strategic analyst in the west, said that the seven wars in the past three decades have not changed the bull-bear cycle of the stock market in the long run. Although the size of the War between Russia and Ukraine far exceeds that of the Russian-Georgian War in 2008, the impact on A-shares is more along the U.S. → the Asia-Pacific market → A-share chain, which is still a short-term impact and has limited impact on the medium-term trend of A-shares. Looking back at the major geopolitical conflicts since the 1990s, china has relatively limited political ties and geopolitical proximity. Although the short-term impact has intensified, the emotional repair time will be shortened accordingly, and the A-share market has ushered in a good layout opportunity after repeated grinding.
Daily Economic News Integrated CCTV News, China News Network, Xinhua Finance
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