Zhongxin Finance, February 24 (Reporter Xie Yiguan) Recently, the situation in Russia and Ukraine has affected the nerves of the global capital market.

On the 24th, with the escalation of the conflict between Russia and Ukraine, the global stock market suffered heavy losses, but the prices of crude oil, gold and agricultural products rose sharply.

Global stock markets fall, Russian exchanges suspend trading

  On February 24, local time, Russian President Vladimir Putin decided to conduct a special military operation in the Donbas region.

In the early morning of February 24, explosions were heard in many cities in Ukraine, including the capital Kiev.

  Affected by the changes in the situation in Russia and Ukraine, major global stock indexes also fell.

  In Asia-Pacific stock markets, the Nikkei closed down 1.81% at 25,970.82 points; the Korea Kospi closed down 2.60% at 2,648.80 points.

Hong Kong's Hang Seng Index and China Enterprises Index fell more than 3% at one point, and the Hang Seng Technology Index fell more than 4%.

The three major A-share indexes also weakened in the afternoon. The Shanghai Composite Index closed down 1.7%, the Shenzhen Component Index closed down 2.2%, and the ChiNext Index closed down 2.11%.

  In addition, as of press time, S&P 500 futures, Nasdaq 100 futures and small Dow futures all fell more than 2%.

U.S. stocks suffered heavy losses overnight, closing down for 5 consecutive trading days. On the 23rd, the Dow closed down 1.38% at 33131.76 points; the Nasdaq closed down 2.57% at 13037.49 points; the S&P 500 closed down 1.84% at 4225.50 points.

  On the 24th local time, the St. Petersburg Stock Exchange in Russia announced the closure of business.

Earlier, the Moscow Stock Exchange announced that all exchanges have suspended trading and will be notified when they will resume trading.

Earlier, Russian-related stock indexes fell sharply.

Crude oil, agricultural products soared, gold and silver also rose

  Russia is one of the most important oil producers in the world, as well as an important supplier of crude oil and natural gas.

Under the sudden change in the external situation, international oil prices rose sharply.

By press time, both New York and Brent crude futures were up more than 5%.

  International natural gas also rose sharply, with natural gas futures rising more than 5%.

  The Russian-Ukrainian conflict also boosted safe-haven assets.

In terms of precious metals, as of press time, London gold and London silver are now up around 2%.

Separately, aluminium prices on the London Metal Exchange hit a record high, surpassing their 2008 peak.

  Russia and Ukraine, the world's top grain exporters, have also seen a surge in agricultural prices following the escalation of the conflict.

Domestically, as of 14:55, the second major soybean contract on the Dalian Commodity Exchange rose by more than 7%, and rapeseed oil, palm oil, and soybean oil also surged.

  Guotai Junan research report shows that the conflict between Russia and Ukraine caused WTI crude oil to rise by 7% in three days, CBOT wheat rose 17%, corn rose 10%, and soybean rose 8%.