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Ukraine Crisis Ripples Through World Markets From Stocks to Gold

  • Russian stocks drop as much as 19% in two trading sessions
  • Nearly one trillion dollars could be wiped from equities
Members of Ukraine's Territorial Defense Forces during training on the outskirts of Kyiv, Ukraine.

Members of Ukraine's Territorial Defense Forces during training on the outskirts of Kyiv, Ukraine.

Photographer: Ethan Swope/Bloomberg
Updated on

It’s been a volatile start to the week for global equities, and that was before U.S. markets began to trade following a holiday-extended weekend.

Stocks in Europe fell as much as 2% on Tuesday before recouping most of those losses as investors digested increasing Ukraine tensions that almost put major indexes at the brink of a correction. Following similar gyrations on U.S. stock futures, the S&P 500 Index slipped 0.6% in early trade, with investors staying on the sidelines after having loaded up on havens such as gold and U.S. Treasuries.