17:34 19 November 2024
Putin’s amendment to nuclear doctrine scares investors
Recent developments from Russia caused investor fear, particularly in the stock market, where the WIG20 index dropped sharply. At its lowest, it fell nearly 5%, but by the end of the day, with help from U.S. markets, it recovered to close down 2.8%. This followed Russia’s nuclear doctrine revision, allowing the use of nuclear weapons in the event of threats to Belarus' or Russia’s sovereignty. Additionally, Ukraine's first strike on Russian targets with Western-supplied ATACMS missiles further escalated tensions.
Despite these developments, experts suggest the market’s reaction is linked to geopolitical risks, with investors seeking safer assets like bonds and certain currencies, particularly the yen and Swiss franc.
(pb.pl)
