- 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
- Ex-Man United striker Anthony Martial joins AEK Athens
- NFL unbeatens meet as Texans visit Vikings, Steelers host Chargers
- Head's hundred seals Australia win over England in 1st ODI after Labuschagne strikes
- Dream debut for Wirtz as Leverkusen thump dire Feyenoord
- Myanmar flood death toll climbs to 293: state media
- Israel army says West Bank air strike kills 4 militants
- LIV golfers get green light for US Ryder Cup team, PGA Championship
- US accuses social media giants of 'vast surveillance'
- Ten Hag to bed Hojlund, Mount in carefully when they return for Man Utd
- Breaking bad as McIlroy endures 'weird' day
European stocks plunge, oil tops $100 as Russia invades Ukraine
Russia's invasion of Ukraine sent oil prices above $100 a barrel and pummeled European equities on Thursday, while Wall Street stocks finished solidly higher after rebounding during the session.
Both Frankfurt and Paris shed as much as five percent during a brutal round of trading, as investors fled risky equities, while haven investment gold rose to over $1,923 per ounce.
"Russia's latest wave of aggression against Ukraine put a darker cloud over the global economy as higher oil threatens to exacerbate inflation risks," Joe Manimbo of Western Union Business Solutions said.
"The crisis atmosphere in Eastern Europe, meanwhile, could thrust central banks back into support mode if stocks continue to falter."
After weeks of warnings from the United States and other powers, Russian President Vladimir Putin ordered a wide-ranging offensive into its neighbor, sparking fury from world leaders and new sanctions from the United States and its allies.
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 output from major exporter Russia would be disrupted.
"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."
- US stocks 'oversold' -
IMF Managing Director Kristalina Georgieva warned the conflict would have repercussions for the global economic recovery.
Among the new sanctions on Russia announced by US President Joe Biden were measures to target the country's two largest banks as well as controls on high-tech items aimed at crippling its defense and aerospace sector.
Frankfurt stocks finished four percent lower, and both London and Paris ended the day with a loss of 3.8 percent, as fears grew of a broader conflict.
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.
Wall Street stocks began their session deep in the red, but later rebounded to end a four-day losing streak, with the broad-based S&P 500 winning 1.5 percent.
"We were definitely oversold and due for a bounce," said Tom Cahill of Ventura Wealth Management. "I think there was a 'buy the rumor, sell the news' waiting to happen, and... it kind of fed on itself."
Briefing.com also said the rebound in New York was due partly to Biden's sanctions announcement, which "weren't as severe as some were thinking (or hoping.)"
So-called "safe haven" currencies like the dollar and the yen pushed higher. The Russian ruble plunged.
- Russia-exposed firms hit -
Companies with the biggest presence in Russia were among those whose stocks were 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.
Societe Generale dived about 12 percent on concerns over its Russian retail banking subsidiary Rosbank.
- Key figures around 2210 GMT -
Brent North Sea crude: UP 2.3 percent at $99.08 per barrel
West Texas Intermediate: UP 0.8 percent at $92.81 per barrel
New York - Dow: UP 0.3 percent at 33,223.83 (close)
New York - S&P 500: UP 1.5 percent at 4,288.70 (close)
New York - Nasdaq: UP 3.3 percent at 13,473.59 (close)
London - FTSE 100: DOWN 3.9 percent at 7,207.38 (close)
Frankfurt - DAX: DOWN 4.0 percent at 14,052.10 (close)
Paris - CAC 40: DOWN 3.8 percent at 6,521.05 (close)
EURO STOXX 50: DOWN 3.6 percent at 3,829.29 (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 $1.1202 from $1.1307 late Wednesday
Pound/dollar: DOWN at $1.3378 from $1.3544
Euro/pound: UP at 83.70 pence from 83.48 pence
Dollar/yen: UP at 115.49 yen from 115.01 yen
burs-jmb/cs
T.Bondarenko--BTB