A Russian warplane downed by Turkey, illustrates the importance of geopolitics to the financial market.
“Global markets backed down on Tuesday amid fears the incident will further inflame tensions between Moscow and the West.” The U.S. is bound to defend Turkey from any military response from Russia, because Turkey is a member of NATO. “Few expect the incident to spark a war, but the mere fact that a NATO country has shot down a Russian warplane has investors on edge.”
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