Equities and Futures Dives Into Deep Loss after Putin Orders Special Military Operation in Donbas

Stock plunge seeing greater selloff signaling investors lost risk appetite after Russian state-run television Tass reported Putin decided to conduct a special operation to “protect” the Donbas region and that Russia doesn’t plan to occupy Ukraine. Ukraine declared a state of emergency amid intensifying fears of a full-scale Russian invasion.

U.N. Security Council holds emergency meeting on Ukraine crisis. 

U.S. equity futures and stocks slid sharply with S&P 500, Nasdaq 100 and Dow Jones slide by 2.32%, 2.67% and 2.40% repetitively while European futures slid over 2%.

The CSI300, HSI, KOSPI, SET and TOPIX sharply dipped into loss by 1.28%, 3.15%, 2.47%, 1.12% and 1.41% respectively.