The UK's main stock market indexes slumps on Thursday, mirroring a sharp sell-off in word equities, as investors dumped risky assets after Russia launched an...
The UK’s main stock market indexes slumped on Thursday, mirroring a sharp sell-off in worLd equities, as investors dumped risky assets after Russia launched an all-out invasion of Ukraine.Losses on the commodity-heavy FTSE 100 were smaller than its European peers XX:SXXP
... The UK’s main stock market indexes slumped on Thursday, mirroring a sharp sell-off in worLd equities, as investors dumped risky assets after Russia launched an all-out invasion of Ukraine.Losses on the commodity-heavy FTSE 100 were smaller than its European peers SXXP Russia-exposed miners such as EVRAZ EVR and Petropavlovsk POG plummeted between 16.6% and 43.5%, while London-listed depository shares of Russian bank Sberbank Rossii SBER plunged 75.3%.
The FTSE 100 has outperformed European indexes so far this year after underperforming for five years, helped by a jump in commodity stocks due to geopolitical tensions and strength in financial shares as central banks raise interest rates to combat inflation in the wake of the coronavirus pandemic.
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