Tumble at global stock market not to influence Ukraine – Finance Minister
Don`t panic, said Pinzenyk
The current turmoil at the global stock market will not exert any negative influence upon Ukraine.
According to an UNIAN correspondent, Finance Minister Victor Pinzenyk disclosed this to journalists today.
“The turnover at the Ukrainian stock market is so small that the tumble at the global stock markets is safe for Ukraine”, V.Pinzenyk said.
According to the information of foreign mass media, turmoil continues at the world stock markets.
On Tuesday, in New York, US stocks plunged at the open in a near panic, with the Dow Jones Industrial Average tumbling below 12,000 points with a loss of 3.48 percent to 11,678.47 points.
Wall Street was closed Monday for a public holiday and so had avoided the global rout that saw some of the heaviest falls since the September 11, 2001 terror attacks as anxious investors sought to get their money out of stocks.
In Europe, dealers said investors hardly seemed to know which lead to follow as the markets turned this way and that through the day, posting heavy losses in early trade only to recover then fall short again.
Towards the close, the European markets were mostly firmer again, with London`s FTSE 100 index up 2.42 percent, the Paris CAC 40 up 3.06 percent and Frankfurt`s DAX up 0.62 percent.
Similarly, the Dow Jones came back steadily after its opening plunge, to show a loss of just 0.56 percent at 1615 GMT.