Live Economic Updates: Oil hit $105 a barrel and natural gas prices soared as Russia's invasion of Ukraine sent shock waves through global markets.

Thursday, February 24, 2022 10:58 AM EST

The impact on financial and commodity markets from Russia's overnight attack was immediate and broad, starting in Asia, where the Hang Seng in Hong Kong lost 3.2 percent.

On Wall Street, the S&P 500 tumbled 2.5 percent at the start of trading, before rebounding slightly as the initial panic seemed to ease.

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