IT, oil & gas producers among few hedges amid global market turmoil

Metals and pharma stocks too stand to gain, but higher input costs and supply chain disruptions are potential headwinds

Asian markets crashed after the Russian invasion of Ukraine, and Frankfurt, London, Paris are down over 3 per cent. Russia is also down. Currency markets saw a flight to dollar safety. Commodity markets are in turmoil with crude and gas prices spiking to multi-year highs. Gold prices have also hardened.

There could be relief rallies if there’s a ceasefire. In the worst case scenario, the conflict will escalate with NATO drawn in. In the least case, sanctions will lead to slower global growth. At the minimum, we can expect certain trends to continue.

Energy prices will remain elevated. Metals prices may also