Business

Russia’s invasion of Ukraine shook stockmarkets that were already unsettled by the crisis. The day before the attack the S&P 500 had already hit its lowest level in eight months, taking it down by almost 12% since the beginning of the year. Before the assault the NASDAQ was also down from the start of January, by 17%. The Moscow Exchange suspended trading when the invasion began. When trading resumed the Moex index of Russia’s leading companies plunged by 45% before pulling back some of its losses. The central bank brought in emergency support for Russian banks and banned the short-selling of shares.