Financial economics

World War II

Business

Economics

Archaeology

Chemistry

Sample (material)

Stock (firearms)

Geography

Context (archaeology)

Stock market

Chromatography

Financial system

Economics Letters

Using stock returns from a sample of 94 countries over the period from 22 January to 24 March 2022, we document a negative relationship between the Ukraine–Russia war and world stock market returns. We thus provide the first empirical evidence.

The impact of the Ukraine–Russia war on world stock market returns