The men and women who participate in Australian financial markets stare at screens all day — and many well into the night.
One of those screens is a television.
In the early afternoon on the east coast, news directors asked their technicians to switch to a live feed of a UN Security Council emergency meeting at 9pm New York time.
To be clear, no-one knows exactly what the Russian invasion into Ukraine means for financial markets — it’s impossible to say.
The Irish ambassador to the United Nations, Geraldine Nason, described it as “staring into the abyss”.
LIVE UPDATES: Read our blog for the latest on Russia’s invasion of Ukraine.
What we do know is that the information flow to trading terminals across the country from worldwide wires today led to widespread and heavy selling.
Global financial markets are worried the conflict will lead to an oil supply shock and serious damage to the global economy — an economy still recovering…