NZ shares plunge as Putin invades Ukraine

Putin's invasion of Ukraine sends equities plunging. (Image: Getty)

Thu, 24 Feb 2022

New Zealand shares tumbled on Thursday after Russian President Vladimir Putin ordered a military operation in Ukraine which may be the beginning of a full-scale invasion. The S&P/NZX 50 Index had its biggest fall since the covid crash in March 2020, dropping 400 points, or 3.3%, to 11,797.30. Turnover was $112 million.The Associated Press reported President Putin said he was deploying troops in neighbouring Ukraine, claiming the move was intended to protect civilians.Other media reported explosions near the capital Kyiv and elsewhere...

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