- Taiwan questions two in probe into Hezbollah pagers
- Viral Korean Olympic shooter scores first acting role as assassin
- Farrell set for 'challenge' of downing Bordeaux in Top 14
- Springbok Etzebeth diverts attention from looming caps record
- Inter on a high ahead of Milan derby as Napoli face Juve test
- Bank of Japan leaves key interest rate unchanged
- Arnold quits after six years in charge of Australia
- Asian markets track Wall Street record to extend global rally
- Guirassy and Anton to return to Stuttgart with new side Dortmund
- Marseille bidding to continue 'almost perfect' Ligue 1 start
- Arnold quits as coach of Australia men's football team
- Harris and Oprah hold star-studded US election rally
- Allies to remember failed WWII parachute operation
- Perez leading new-look Villarreal charge against leaders Barca
- Man City face Arsenal in Premier League title showdown, Postecoglou under pressure
- Fake celebrity endorsements, snubs plague US presidential race
- Documentary brings Argentine 'death flights' to the big screen
- Strike shows challenge to Boeing 'reset' of labor relations
- World leaders to gather at UN as crises grow and conflicts rage
- How plastic pollution poses challenge for Canada marine conservation
- Scientists track plastic waste in pristine Canada marine park
- South Africa's Buhai grabs LPGA Queen City lead
- Japan inflation firms to 2.8% ahead of BoJ rate decision
- Russia's Kadyrov accuses Musk of 'remotely disabling' his Cybertruck
- Titan sub had to abort a dive days before fatal implosion: testimony
- Ohtani makes MLB history with first 50-homer, 50-steal season
- Ohtani eyes MLB history after surpassing 50 stolen bases, 49 homers
- Ohtani eyes MLB history after surpassing 50 stolen bases
- Barca downed by Monaco as Arsenal held in Champions League stalemate
- Head's 'good night at office' after century seals win over England
- Dubois seeks legitimacy with Joshua scalp
- Rate cut could lift consumer spirits before US elections
- Last-gasp Gimenez strike sends Atletico past Leipzig
- Barca stumble at Monaco after early red card
- Raya heroics save Arsenal in Champions League opener at Atalanta
- Cathay Airbus engine fire linked to cleaning: EU regulator
- Guardians beat Twins to secure MLB playoff berth
- Jihadist attack in Mali capital killed more than 70: security sources
- Alonso hails 'efficient' Leverkusen after Feyenoord rout
- Head's hundred seals Australia win over England in 1st ODI
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- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
- Dream debut for Wirtz as Leverkusen thump dire Feyenoord
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- Israel army says West Bank air strike kills 4 militants
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World stocks plunge, oil tops $100 as Russia invades Ukraine
Global equities tumbled on Thursday and oil prices breached $100 for the first time in more than seven years after key crude producer Russia launched an invasion of Ukraine, accelerating fears of a major war in eastern Europe.
Asian, European, then US stock markets nosedived -- with Frankfurt and Paris both shedding as much as five percent during part of the trading session -- as investors fled risky equities, while haven investment, gold, rose to over $1,923 per ounce.
After weeks of warnings from the United States and other powers, Russian President Vladimir Putin ordered a wide-ranging offensive into its neighbour, sparking fury from world leaders and vows to ramp up sanctions on Moscow.
In reaction, oil rocketed, with European benchmark Brent prices briefly cruising past $105 per barrel for the first time since 2014, while aluminium and wheat surged to record peaks on fears over output from major exporter Russia.
"The latest twist in the Russia-Ukraine crisis is likely to keep commodity prices elevated over the coming weeks and months," analysts at Capital Economics said.
"And if the situation spirals into a more serious and wide-ranging conflict between Russia and the West, commodity prices could rise further from here."
- 'Pulled rug from markets' -
IMF Managing Director Kristalina Georgieva warned the conflict would have repercussions for the global economic recovery.
Frankfurt stocks finished 4.0 percent lower, and both London and Paris ended the day with a loss of 3.8 percent, as fears grew of a broader conflict.
On Wall Street, the Dow slumped around 1.7 percent in late morning trade.
"The escalation of tensions arising from the Russian action has pulled the rug from markets, adding to an already brittle environment in the face of rising inflation and interest rate concerns," Richard Hunter, head of markets at interactive investor, said.
Asian equities plunged, with Hong Kong, Sydney, Mumbai, Singapore and Wellington down at least three percent, while there were steep losses in Tokyo and Shanghai.
Analysts pointed to fear of the unknown for investors, especially over retaliatory sanctions by the West, as US President Joe Biden met G7 allies to hammer out a raft of new sanctions against Russia.
- Russia-exposed firms hit -
Companies with the biggest presence in Russia were among those whose share prices were getting hammered.
Shares in Russian metal giants Polymetal and Evraz tanked by 38 percent and 30 percent respectively in London.
"With tough incoming sanctions expected, their businesses are likely to take a major hit with little respite in sight given the seriousness of the situation," said Hargreaves Lansdown analyst Susannah Streeter.
French carmaker Renault, which owns a majority stake in Russia's Avtovaz, the maker of the Lada, saw its shares skid about nine percent.
Also in Paris trading, Societe Generale dived about 12 percent on concerns over its Russian retail banking subsidiary Rosbank.
"There will be pressure on (European) banking stocks, particularly banks in France and Austria as they have the largest exposure to Russian loans," added Streeter.
Germany's Deutsche Bank also shed 12.5 percent.
Other haven assets profited, with the Swiss franc hitting a five-year peak versus the euro.
The ruble fell 6.8 percent to 87.8 rubles to the dollar, while the Moscow stock exchange's MOEX index plunged 33.3 percent after suspending trading early in the day.
"The Russian ruble has hit a record low today, and could have further to run in the days ahead as events unfold, and the impact of any sanctions become clearer," said Michael Hewson at CMC Markets.
- Gas prices spike -
European natural gas prices vaulted higher on disruption worries, particularly after Germany this week halted the approval of the Nord Stream 2 pipeline from Russia.
Europe's reference Dutch TTF gas price jumped to more than 134 euros per megawatt hour.
Domestic energy prices had already rocketed in Europe during recent months, fuelling decades-high inflation that has caused central banks to raise or prepare to raise interest rates, which could in turn slow the economic recovery.
- Key figures around 1630 GMT -
Brent North Sea crude: UP 7.4 percent at $103.97 per barrel
West Texas Intermediate: UP 5.5 percent at $97.12 per barrel
New York - Dow: DOWN 1.7 percent at 32,580.46 points
EURO STOXX 50: DOWN 3.6 percent at 3,829.16
London - FTSE 100: DOWN 3.8 percent at 7,211.99 (close)
Frankfurt - DAX: DOWN 4.0 percent at 14,052.10 (close)
Paris - CAC 40: DOWN 3.8 percent at 6,521.05 (close)
Tokyo - Nikkei 225: DOWN 1.8 percent at 25,970.82 (close)
Hong Kong - Hang Seng Index: DOWN 3.2 percent at 22,901.56 (close)
Shanghai - Composite: DOWN 1.7 percent at 3,429.96 (close)
Euro/dollar: DOWN at $1.1142 from $1.1307 late Wednesday
Pound/dollar: DOWN at $1.3341 from $1.3544
Euro/pound: DOWN at 83.46 pence from 83.48 pence
Dollar/yen: UP at 115.41 yen from 115.01 yen
burs-kjm/rl
S.Keller--BTB