Ukraine anxiety triggers flight to safety, stocks tumble | Reuters:
"(Reuters) - Heightened tensions ahead of Ukraine's weekend referendum in Crimea and stresses over China's growth pushed world stocks to their lowest in a month on Friday and sent investors scurrying into safe-haven gold and bonds.
European shares .FTEU3 started the day down 0.6 percent, putting most of the region on course for its biggest weekly drop since January while the DAX .GDAXI, whose German constituents have the most exposure to Russia, was facing its largest weekly losses since the height of the euro crisis in June 2012. .EU
Hardest hit was Moscow's MICEX index. It was down more than 5 percent at its lowest since 2009 and there was no let up in the pressure on the ruble either as it hovered near an all-time low.
Russia launched new military exercises near its border with Ukraine on Thursday, even as both the U.S. and Europe warned that Moscow risked facing serious steps if annexation was the outcome of a referendum planned for Sunday in the Crimea."
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