Market monitoring Russia threatens gas supply disruptions, oil nervous, Nasdaq has fallen 20 percent from peak, Uniper downgrades – HS monitors war’s economic impact

According to the Central Chamber of Commerce, Finnish companies’ exports to Russia have fallen sharply since Russia invaded Ukraine.

Russian the attack on Ukraine continues for thirteen days. In this case, we are watching the economic impact of the war.

Stock market

In Asia, a clear decline

Asian stock markets have been in clear decline today as Russia’s invasion of Ukraine has raised concerns about rising commodity prices.

The Tokyo Stock Exchange closed at a low of 16 months on Tuesday. The stock exchange’s Nikkei index fell 1.7 percent and the broader Topix index 1.9 percent.

Nasdaq officially declining market

In the United States, stock markets also closed on a clear downturn on Monday as higher oil prices raised concerns about accelerating inflation.

For large corporations, the Dow Jones fell 2.4 percent, continuing to weaken last week. The broad S&P 500 index plunged three percent. The technology-focused Nasdaq index also fell. It decreased by 3.6 percent.

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The Nasdaq closed 20.1 percent lower than on November 19, when the index peaked. A decline of more than 20% is considered the definition of a declining market.

In New York, the biggest losers in the Dow index on Monday were American Express, Boeing and Disney.

Shares of major technology companies also fell. Shares of Amazon, Facebook’s Meta and Google’s parent company Alphabet fell more than four percent.

Raw materials market

The price of crude oil has fluctuated nervously on the world market in the morning during the Finnish era.

The price of the North Sea Brent was hovering at $ 125 a barrel in the morning, about 10 percent lower than it peaked on Monday.

Price pressures have been eased by European countries not planning to join the US-planned ban on Russian oil imports. According to sources in the news agency Reuters, the United States can impose an import ban on its own.

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Deputy Prime Minister of Russia Aleksandr Novak however, threatened late Monday night that the country could cut off gas supplies to Central Europe via the Nord Stream 1 gas pipeline.

At 7 a.m. Finnish time, Brent’s futures rose 1.6 percent to $ 125 a barrel. The price of a barrel of Brent went to about $ 140 on Monday, the highest in 14 years.

Read more: Russia threatens to shut down the Nord Stream 1 gas pipeline

The Finnish economy

The energy company Fortum says that its German subsidiary Uniper is writing down its nearly EUR 1 billion financial receivables from the Nord Stream 2 gas pipeline project.

Read more: Fortum Uniper writes off almost EUR 1 billion in receivables from Nord Stream 2 gas pipeline project

According to the Central Chamber of Commerce, Finnish companies’ exports to Russia have fallen sharply since Russia invaded Ukraine.

According to the statistics of the chambers of commerce, the number of certificates of origin has been half of what they were in the corresponding period a year ago.

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(STT)

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