The future of Asian markets and US stocks plummeted today as Russian President Vladimir Putin announced military action in Ukraine’s Donbass region. Investors sold their shares and sought safe havens such as gold in response to the Russian invasion of Ukraine. The AEX index on the Amsterdam Stock Exchange fell sharply on Thursday: 3.6 percent.

The key index in Damrak fell more than 3 percent to the 700-point range. Investors are shocked by the news that Russia has launched an invasion of Ukraine, and fears that the country is now facing tougher sanctions. The United States and the European Union have already announced new ‘tough sanctions’ against Russia. Other European stock markets also lost more than 4 percent.

Hong Kong’s Hong Cheng Index (HSI) fell 3.2 percent. Korean Gospe fell 2.7 percent. Japan’s Nikkei 225 (N225) lost 2.4 percent after returning from vacation. China’s Shanghai Composite fell 0.9 percent.

The future of US stock also plummeted. Dow Futures fell 780 points, or 2.4 percent. The S&P 500 and Nasdaq Futures fell 2.3 percent and 2.8 percent, respectively.

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Moscow Stock Exchange trading stopped

The Moscow Stock Exchange announced today that it has suspended trading in all its markets until further notice. The Russian ruble traded down nearly 10 percent at 89.59 against the US dollar.