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Ukraine war, a year on: Equity markets see negative second-order impact

Still, one-year equity returns globally, since the war began, have been subdued and marred by intense volatility

Equity markets
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This sent panic through world markets. Fortunately, oil prices cooled off sustainably from the peak, easing inflationary and supply disruption pressures

Samie Modak
Though the Russia-Ukraine war had little direct impact on global equity markets, there was a significant second-order hit. Even as most markets corrected immediately after the Russian invasion of its western neighbour on February 24, 2022, they rebounded in a month. 

Still, one-year equity returns globally, since the war began, have been subdued and marred by intense volatility. 

This is partly because of the war’s impact on global economic growth and the inflationary pressure caused by it. In the immediate aftermath of the war, oil surged over the $134 per barrel (bbl)-mark, most since 2008, on the back of the West’s coordinated

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First Published: Feb 23 2023 | 10:36 PM IST

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