Stocks sink, gas and oil prices soar over Ukraine fears

  • Date: 06-Mar-2022
  • Source: Jordan Times
  • Sector:Oil & Gas
  • Country:Gulf
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Stocks sink, gas and oil prices soar over Ukraine fears

NEW YORK — Global stock markets fell across the board on Friday and energy prices soared after Russia attacked a major Ukrainian nuclear power plant, the largest in Europe, exacerbated worries about the hit to the continent and its economy.

Europe's main stock markets closed sharply lower, with Paris down five per cent and Frankfurt losing 4.4 per cent.

Earlier, Asian indices had retreated and Wall Street also lost ground to conclude a losing week on a downcast note.