It's a conflict on the other side of the world, but the Ukraine invasion has already hit the Australian stock market

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ANALYSIS: It's a conflict on the other side of the world, but the Ukraine invasion has already hit the Australian stock market

The damage so far

The ASX 200 plummeted by 3 per cent to 6,991 points , wiping roughly $74 billion off the value of the market.Some of the share market's biggest names like BHP and ANZ Bank came under intense selling pressure.But higher risk companies, especially in the broadly defined tech and biotech sectors, saw the most spectacular falls.

 

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The world had stood by such tyranny long enough.A Strong signal must be sent by the West that we will defend HumanRights,freedom & democracy & will NOT bow down to barbaric tactics the likes of Russia & China! StandWithUkraine STANDWITHTAIWAN standwithhongkong

Stocks in Albo 2022 are going through the roof. Let's go Albo

Has our Foreign Minister, Senator Marise Payne, had anything useful to say about it all yet. Or is she sticking to her strategy of silence on all foreign affairs matters of importance?

In times of war, when people and cities are being bombed, it is always my greatest concern that the ASX will suffer a bad trading session.😡The ASX will rebound as those with franking credits rush to buy shares and capitalise the military industrial complex.

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