Abstract
As the crisis between Russia and Ukraine erupted, a certain degree of geopolitical risk has been triggered, which caused a significant impact on the global economy. The transmission mechanism of geopolitical risks is complex, and factors that may cause market volatility risks include trade factors, investor sentiment, relevant policies and so forth. This article will combine previous research findings and existing market data to explore the impact of the Russia-Ukraine conflict on the stock and commodity markets. Besides, it will also interpret the possible risk transmission mechanisms and consequences behind it based on statistics facts. The study found that this event had a disastrous effect on both the stock and commodity markets, but the specific direction and intensity of the fluctuations vary depending on the research subject. This article summarizes some previous research and provides a summary of the global economic impact of the Russia-Ukraine conflict and gives some suggestions to investors.
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