International Business: Stocks dive, oil surges as Russia invades Ukraine – Gulf Digital News

International Business: Stocks dive, oil surges as Russia invades Ukraine – Gulf Digital News

SHANGHAI: Global stocks and US bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the Black Sea and Ukraine said Moscow had launched a full-scale invasion.

Russian troops landed in the Ukrainian Black Sea port of Odessa and in Mariupol in the eastern Ukrainian region of Donetsk, Russian news agencies reported.

At the same time, Ukrainian military command centres in the cities of Kyiv and Kharkiv came under attack by missile strikes, the Ukrainska Pravda news website cited a Ukrainian interior ministry official as saying.

The attacks came after a blistering warning from Russian President Vladimir Putin on Thursday. Putin called on Ukrainian soldiers to immediately lay down their weapons and go home, and said the responsibility for any bloodshed will be on the conscience "of the Ukrainian regime", according to comments carried by Russian news agencies.

Putin also authorised special military operations in Ukraine's Donbass region.

Several explosions were heard in the Ukrainian capital, Kyiv, before dawn, after an initial series of sounds similar to artillery fire, a Reuters witness reported, shortly after Russia announced the military operation.

The comments worsened an already grim selloff in Asian trade, pushing MSCI's broadest