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Oil prices rose above $100 a barrel on Thursday for the first time in more than seven years, following Russian President Vladimir Putin announced a ‘military operation’ in Ukraine. It shot up to $100.04 right following the announcement.
The Hong Kong stock market, for its part, unscrewed from the first minutes of trading on Thursday, amid fears of a war in Eastern Europe following the announcement by Russian President Vladimir Putin of a ‘military operation ‘ in Ukraine. The Hang Seng index lost 3.16% or 747.33 points to 22,912.95.
/ ATS
