Global stocks slide as fears of Russian invasion grow
As markets opened in Europe, London’s FTSE 100 was down 1.9%, while Germany’s DAX 30 and France’s CAC 40 plummeted 3.1% and 3.2%, respectively.
Investors in Asia were equally jittery, as Japan’s Nikkei 225 closed down 2.2%, while South Korea’s Kospi was down 1.6% at the end of the trading day.
Chinese markets saw losses, too, with the benchmark Shanghai Composite Index down 1%. Hong Kong’s Hang Seng Index fell 1.4%.
US futures also pointed down, with Nasdaq futures, S&P 500 futures and Dow futures tracking 0.8%, 0.7% and 0.6% lower, respectively.
This weekend, US President Joe Biden warned Russian President Vladimir Putin during a call that the United States and its allies will respond “decisively and impose swift and severe costs” on Russia in the event of an invasion.
Russia has more than 100,000 troops near the Ukraine border, with thousands added just this week, according to a US administration official.
