The Asian stock markets have plummeted after the news that Russian military operations have started in Ukraine.
Russian President Putin started military action in Ukraine today (Thursday, February 24, 2022) in Asia. The troops are said to have crossed the Ukrainian border early this morning. Putin calls on Ukrainian soldiers to lay down their weapons and go home. He also warns of serious consequences if anyone should take Moscow to task for this.
From the Ukrainian side, the foreign minister has come forward, accusing Russia of starting a war. He also calls on the UN for help.
U.S. President Biden announced that the G7 will meet tomorrow to discuss serious sanctions.
Stock markets in Asia are slumping for the time being after all the events.
The NIKKEI 225 falls by 1.81% to 25,970.82.
The HANG SENG falls by 3.37% to 22,862.32.
SHANGHAI falls by 2.04% to 3,418.58.
Investors are looking to flee to safe havens like gold. The gold price rose in the shortest time by 1.67% to 1,941.70 per ounce. This is the highest level since June 2021.