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The effect of the war, Europe "burns" 314 billion euros in one day

2026-03-02 20:30:29Kosova&Bota SHKRUAR NGA REDAKSIA VOX

The effect of the war, Europe "burns" 314 billion euros in one day

The escalation of the conflict in the Middle East, following recent military attacks by the US and Israel on Iran, has caused a veritable financial earthquake in global markets. Fears of a global trade blockade and rising energy prices have sent major stock markets plunging, wiping hundreds of billions off market capitalization in a matter of hours.

Colossal losses in European markets

This Monday's session was extremely difficult for European stocks. The continent's main index, the Stoxx 600, recorded a significant drop of 1.65%. This contraction translates into a massive loss of 314 billion euros in capitalization, erased in a single trading day.

The most affected stock markets on the continent

Madrid recorded the strongest decline with -2.7%.

Frankfurt closed in the red by -2.6%.

Paris suffered a contraction of -2.1%.

London and Amsterdam recorded smaller declines (-1.2% and -1%, respectively). These two markets were somewhat buoyed by the positive performance of stocks in the energy and defense sectors, which usually strengthen in times of geopolitical crises.

Panic in Asia and the threat of the Strait of Hormuz

The decline was not limited to Europe. Asian markets also closed with deep losses, fueled by concerns about the possible closure of the Strait of Hormuz, a vital artery for global oil transport.

These concerns led to a significant drop in stock markets.

Hong Kong fell by -2%, Mumbai by -1.8%, Tokyo by -1.35%, Seoul by -1% and Shenzhen by -0.6%. The only exception was Shanghai, which recorded a slight increase of +0.5%.

The Japanese yen depreciated further against the US dollar (reaching 156.80), while remaining stable against the euro.

Energy and analysts' warning

In parallel, commodity markets are experiencing a strong shock. Oil and gas prices continue to rise rapidly, especially after the decision of giant QatarEnergy to suspend production of liquefied natural gas (LNG).

Insurance companies have stopped covering risks in the Persian Gulf area, while financial analysts are giving a clear warning: if the price of oil reaches the threshold of $100 per barrel, the global economy will face a deep and prolonged crisis.


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