Putin signed a decree approving the new version of Russia's nuclear deterrence policy, causing safe-haven assets to rise.
Putin signs decree approving the new version of Russia's national policy on nuclear deterrence, and safe-haven assets rebound significantly.
On Tuesday, safe-haven assets rebounded significantly after Russian President Putin signed a decree approving a new version of Russia's basic policy on nuclear deterrence. The decree took effect on the day of signing. Following Putin's approval of the updated nuclear principles on Tuesday, investors rushed to buy government bonds, yen, and gold. German bond yields fell by as much as 8 basis points to 2.292% on that day, gold reached a daily high of around $2626 per ounce, and the USD fell by 0.9% against the yen to 153.28. The European aerospace and defense sector index fell by 0.6% after opening, but later recovered some lost ground, with a decline of 0.2% at the time of writing.
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The Bank of England kept interest rates unchanged as scheduled and remains cautious about future rate cuts.
The EU is expected to propose a new round of sanctions against Russia as soon as this week, targeting the areas of encryption, banking, and energy.
Securities and Futures Commission of Hong Kong, Leung Chung-yin: Hong Kong has already become one of the largest over-the-counter derivatives markets in Asia.
