Global stocks hit by Ukraine war threat

Mar 03, 2014, 6:00 AM EST
A stock broker works in front of the display showing the German stock market index DAX is seen at the stock exchange in Frankfurt am Main, central German November 7, 2013.
AFP/Getty Images

The rising threat of war between Ukraine and Russia spooked markets and sent investors scurrying for relative safety on Monday, pushing stocks down sharply - with the Moscow stock market down 9 percent - and lifting gold to a four-month high. With Russian troops already on Ukrainian soil after an incursion into Crimea, comments over the weekend from President Vladimir Putin that he had the right to invade the rest of the country were treated as a declaration of war by Kiev.
Background:
Global stocks hit by Ukraine war threat, gold, oil jump [Reuters]

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