saw it. The Russian stock market plummeted by 49%, which is a record. Russia contributed the most to the two conversations. One is the change in the situation in Russia and Ukraine, and the other is the 49% drop in the Russian stock market in a single day. Really It is an eye-opener. In 2020, US stocks 10 days four circuit breakers I thought it was a record. It was an eye-opener. I didn’t expect Russia to let me know how deep the sea is. function, can't the market be closed? It has fallen like this, can Russian stockholders bear it?
Russia's stock market has fallen from 1523 points to the current 611 points in the past 6 trading days, a drop of as much as 60%.
Affected by the situation in Russia and Ukraine, European stock markets also fell one after another. The stock markets of France, Germany, and Austria all fell by more than 3%. This drop is nothing compared to the drop in Russia.
This also shows that Russia’s financial market is underdeveloped, otherwise such a large drop would not suspend trading, allowing the stock market to fall, but it always puzzles me that the country is at war, and the financial market is more bearish, so why not close the market.
It wasn’t until I looked at the trend of the Russian stock market in the past 20 years that I realized that I was too young. During the financial crisis in Russia in 2008, the index fell from 2498 points to 492 points, a drop of up to 80%. Then from 2011 to 2015, another drop of up to 70% occurred. At the time of the epidemic in 2020, Russia's stock market fell by 50%.
Therefore, the Russian stock market is different from other places, especially different from A shares . The recovery ability is also good, and it can rise back every time it falls. In our opinion, it is unacceptable for the index to drop by nearly 50% in one day, but it is still within the acceptable range for them. After all, everyone's scale is different, and we cannot measure and compare them according to the same requirements.
Ukraine declared a state of war across the country. Russian troops landed in Ukraine and destroyed the headquarters of the Ukrainian National Guard. Putin claimed that the purpose of the Russian army was to demilitarize Ukraine, not to occupy Ukraine.
Although the two sides are fighting very lively now, the number of casualties seen so far is not large, and this "war" presents a one-sided situation.
Now I would like to see the reaction of the global capital market after the situation subsides, especially the reaction of the Russian stock market, whether it will really rise back.
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