Ukrainian Stocks
Follow World Markets Into Meltdowns
On April 2, the
Trump administration imposed a new wave of tariffs, triggering the sharpest
stock market drop since the 2020 COVID lockdown.
The selloff was
global. Over the week, the S&P 500 fell 9.1%, while Germany’s DAX index
dropped 8.1%.
Among individual
stocks, Apple lost 14%, and NVIDIA tumbled 15%.
Against this
backdrop, shares of Ukrainian publicly traded agro companies shed an average of
18% of their market value.
Kernel fared the
worst, plunging nearly 30% to PLN 14.8 (Mcap of USD 1.1bn). MHP stock
dropped 20% to USD 4.9 (MCap of USD 526mn).
Unfortunately, the
dramatic selloff is continuing today. Futures on the S&P 500 point to
another 5% slide in average share prices. In Japan, the Nikkei index closed 9%
lower, while European indices opened 6% below Friday’s levels.
Panic selling
continues across global financial markets, though from a fundamental
perspective, asset prices have fallen so far that a sharp rebound in U.S.
equities could happen at any moment.
Overall, the U.S. shift toward a hardline trade policy has weighed on
nearly every asset class. Even gold—typically seen as a safe haven during times
of uncertainty — fell 3.2% over the week. Oil prices on global exchanges
plunged 15%, while Bitcoin and other cryptocurrencies also continued to
slide.
POLITICS AND ECONOMICS
- Trump Opens Global Tariff Front
full report
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