Ukraine President Zelensky says air defences supplies are insufficient and warns of new Russian massive strikes

Zelensky's statement on insufficient air defense supplies signals worsening tensions and a potential escalation in conflict, which could heighten volatility in risk assets.

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Market participants may react by seeking safe-haven assets like gold and the Japanese yen, while commodities such as oil and natural gas might face upward pressure given concerns about energy security in the region.

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