Saturday, September 23, 2023

Global Stocks Lower As Tensions Rise Over Ukraine

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Global Stocks lower as tensions rise over Ukraine. The market dropped after US President Joe Biden accused Russia of looking for excuses for an invasion.

Amidst the tension between Washington and Moscow, the stocks have taken a low drop. As suspected, all fingers point to the statement of the US president. On Thursday, Joe Biden said that military action could begin imminently.

Fall of Global Stocks

The incident led all stocks to lower in different countries and states. On Friday, the Hang Seng in Hong Kong, Asia dropped by 1.8%. While in Japan’s Nikkei, it dropped by 0.4%. Following that, the S&P 500 fell by more than 2%, Dow Jones fell by 1.8% and the Nasdaq closed nearly 3% down in New York.

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