European and Global Markets plummet after Russia launches attack on Ukraine; Stoxx 600 down 2.7%

Global markets were shaken on Thursday on the news that Russia has launched an attack on Ukraine, and one that appears to be more widespread that expected.

Multiple explosions across Ukraine were reported by journalists and government officials in at least four cities early Thursday morning local time.

European stocks perceived to have exposure to Russia tumbled, with Polymetal International, Uniper and Rolls-Royce all shedding more than 10%.

The pan-European Stoxx 600 dropped 2.7% in early trade

Multiple explosions across Ukraine were reported by journalists and government officials in at least four cities early Thursday morning local time, undermining Russian President Vladimir Putin’s claim that Russia was launching a military operation that would be limited to the far east of the country.