The long-standing tension between Russia and Ukraine had reached its peak in recent weeks with the increase in military activity. In the days when the West and Russia made confrontational statements and when it was almost certain that Russia would invade Ukraine at any moment, Russia described these statements as a ‘provocation’, which was expected on February 22 at night, but no one had a positive reaction. There was an unexpected development.
Russia, with the order of President Putin, decided to recognize the so-called republics in the Donetsk and Luhansk regions of Ukraine, Russian forces entered the borders of Ukraine. At midnight on February 24, Russia launched its extensive invasion and began bombing many cities, including Kyiv, the capital of Ukraine. After this development, the markets crashed.
Natural gas prices jumped after Europe’s sanctions:
On the other hand, after the new sanctions imposed on Russia by European countries and the USA, a great jump was seen in natural gas prices. Natural gas prices, which increased by 30% in just one day in the past days, started the week by reaching up to 126 dollars. Natural gas prices were 93 euros at the close of last week. In other words, prices increased by 34%.
Latest situation in the markets:
BIST 100 opened with 7% decline:
, which has experienced a decline until the 1860s in the past days. BIST 100 started this week at 1950 level.
NASDAQ:
NASDAQ stock market, where the world’s technology giants are listed, started this week by recovering.
The crypto money market also suffered a deep decline:
Bitcoin, which fell to 34 thousand 300 levels last week, started this week at 38 thousand.
Oil and gold broke the records of recent times:
Gold, which was constantly on the rise during the war declarations, started the week with 1900. Again, the value of oil fed by war is 98 It started with the dollar.
Let’s get to the main topic: Why are crypto, commodity or other exchanges upset due to the Russia-Ukraine crisis?
Although economists may make long explanations on this subject, it is actually possible to explain the reasons without talking at length. Many investors, especially expressed as ‘whale’, spend their fortunes in crypto or crypto in order to protect their money in case of uncertainty in the environment in times of war or other crisis. also prefers to withdraw from relatively risky investments such as company shares and transfer them to safer investment instruments such as gold and oil. As a result, while the downtrend is dominant in the stock markets where the money exits; There is an increase in the stock markets where investors attack.
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