China news finance and economics, February 24 (reporter Xie Yiguan) - recently, the situation in Russia and Ukraine has affected the nerves of the global capital market. On the 24th, with the escalation of the conflict between Russia and Ukraine, the global stock markets suffered heavy losses, but the prices of crude oil, gold and agricultural products rose sharply one after another. Global stock markets fell one after another, and the two Russian exchanges suspended trading. On February 24 local time, Russian President Vladimir Putin decided to carry out special military operations in Donbas. In the early morning of February 24, explosions were heard in many cities in Ukraine, including the capital Kiev. Affected by the changes in the situation in Russia and Ukraine, the world's major stock indexes also fell one after another. In the Asia Pacific stock market, the Nikkei index fell 1.81% to 25970.82; The Korea composite index fell 2.60% to 2648.80. Hong Kong's Hang Seng Index and state-owned enterprise index once fell by more than 3%, and the Hang Seng technology index fell by more than 4%. The three major A-share indexes also weakened in the afternoon, with the Shanghai index falling 1.7%, the Shenzhen composite index falling 2.2% and the gem index falling 2.11%. In addition, as of press time, S & P 500 index futures, Nasdaq 100 futures and small Dow futures all fell by more than 2%. U.S. stocks fell sharply overnight and closed down for five consecutive trading days. On the 23rd, the Dow closed down 1.38% to 33131.76 points; The NASDAQ closed down 2.57% to 13037.49; The S & P 500 index fell 1.84% to 4225.50. On the 24th local time, Russia's St. Petersburg Stock Exchange announced the closure of business. Earlier, the Moscow Stock Exchange announced that all exchanges will suspend trading and will be notified when to resume trading. Previously, the relevant Russian stock indexes fell sharply in a row. Crude oil and agricultural products soared, as did gold and silver. Russia is one of the world's important oil producers and an important supplier of crude oil and natural gas. Under the sudden change of the external situation, the international oil price rose sharply. As of press time, New York crude oil futures and Brent crude oil futures were up more than 5%. International natural gas also rose rapidly, with natural gas futures up more than 5%. The conflict between Russia and Ukraine also led to the rise of safe haven assets. In terms of precious metals, as of press time, London gold and London Silver had increased by about 2%. In addition, aluminum prices on the London Metal Exchange hit a record high, exceeding the peak in 2008. Russia and Ukraine are the world's major grain exporters. After the escalation of the conflict, the prices of agricultural products also soared. In China, as of 14:55, the second main contract of beans in Dalian Commodity Exchange rose by more than 7%, and vegetable oil, palm oil and soybean oil also soared. Guotai Junan research report shows that the conflict between Russia and Ukraine led to a cumulative rise of 7% in WTI crude oil in three days, 17% in CBOT wheat, 10% in corn and 8% in soybeans. [source: China News Network]