Investors are worried their investments may suffer losses due to growing Russia-Ukraine tensions, said Golden FX Link Capital business manager Long Samnang. Russia has deployed more than 100,000 troops to the Russian-Ukrainian border.
The US and other NATO members – the UK and Germany – have sent troops to member states to help maintain security.
Jake Sullivan, the US National Security Advisor to President Joe Biden, has suggested that Russian President Vladimir Putin may send an army to attack Ukraine in the coming days or weeks, said Samnang.
The US and the EU have made efforts at diplomacy with Russia to avoid war. The US, meanwhile, has made it clear that it will not send troops to defend Ukraine because it is not a member of NATO.
But the US has sent an additional 3,000 troops to the border between Poland and Romania.
If Russia were to launch an attack on Ukraine, it would affect stock prices as well as stock indices, said Samnang.
“Some investors or shareholders may sell their shares to buy gold. But if peaceful negotiations mean the lives of people and the world economy are not affected, stock prices as well as stock index will rise.”
The Nasdaq-100 currently runs between 15,300 and 14,000. Therefore, investors can expect to sell at a price near the high point of 14,850 with the take-profit function setting at 14,000 and a stop-loss at 15,200.