Global Market Sell-Off As Russia Announces Military Action In Ukraine

The worsening geo-political tension has hit Dow futures hard with Dow Jones futures trading with a cut of 564 or 1.71% down. Likewise, Asian markets have been hit badly, with Asian markets languishing by a huge over 2 percent on Japan's Nikkei and Hang Seng down by 2.6%.

As per reports, explosions are being heard in several of the Ukrainian cities that include Kyiv and Kharkiv. "We call on Russia to avert war. Russia holding guns to Ukraine's head, now Putin's finger is on the trigger. A full-scale conflict will bring immense suffering, casualties. World calling for peace but Russia not listening," says UK Representative.

The geo-political crisis could deepen and become nasty in a situation if some of the major countries also involve. The problem worsened after Russian President Putin sent troops into Ukraine, triggering sanctions from Western nations.

Meanwhile as Indian indices opened it is a cut of 1426 points on the Sensex, and Nifty is trading with a cut of 419 points at 16644.

Further other asset classes including gold are seeing a breakout and in the international markets are seeing gaining to levels of 1928.30/oz, up over 1%. While the currency back home is under pressure and has 75 against the US dollar.

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