The Vienna Stock Exchange turned deep red on Thursday morning after Russia’s attack on Ukraine. The domestic leading index ATX lost 3.52 percent to 3,503.95 points by 9.45 a.m. and thus continued its current downward pull. The ATX had already suffered heavy losses on the previous five trading days due to concerns about an escalation in the Ukraine-Russia conflict and is therefore already facing its 6th negative day in a row.
The attack also sent the DAX plummeting. The 14,000 point mark fell right at the start of trading. “The worst fears have come true. There is war in Europe“, said portfolio manager Thomas Altmann from QC Partners in Frankfurt. The Russian invasion did not hit the stock exchanges unprepared, “nevertheless, shock waves are running through the capital markets”.
The Euro Stoxx 50 fell to 3848.21 points by 9.30 a.m. with discounts of 3.15 percent. In Frankfurt, the DAX lost 3.56 percent to 14,110.63 units. The London FTSE-100 dropped 2.51 percent to 7310.34 points. The CAC-40 lost 2.88 percent to 6585.08 points in Paris. The Moscow Stock Exchange reported significant losses. The RTS Index lost around half of its value and was last listed 49.95 percent lower at 614 points.
Putin’s attack also does not leave digital currencies untouched. Bitcoin recorded significant price losses on Thursday. In the morning, the price of the largest cryptocurrency fell by eight percent to below $35,000.