Ukrainian missile attack reportedly kills two civilians in Russian border city of Belgorod, says regional governor.

Ukrainian missile attack reportedly kills two civilians in Russian border city of Belgorod, says regional governor.

The reported missile attack in Belgorod highlights escalating tensions between Ukraine and Russia, which could lead to increased volatility in risk assets. Given its proximity to the border, this incident may prompt market participants to seek safety in havens like gold or the JPY, while energy prices could react if further military actions disrupt supply chains.