The ongoing fall in prices on global stock markets so far looks more like a correction than a panic sell-off and a total collapse, in almost every case there is a completely rational explanation, and there are no threats to Ukraine from such market behavior, this opinion was expressed by head of the board of Unex Bank Ivan Svitek in a commentary to Interfax-Ukraine.

"Asian markets, following the Japanese one, are reacting to the key rate increase. The American market is scared by data on unemployment and business activity, which gives rise to talk about a possible recession. Rumors about a possibly inflated bubble of 'artificial intelligence' are actively discussed," he described the situation.

Svitek added that the markets also reacted to the news of Warren Buffett's Berkshire Hathaway selling Apple shares for $75.5 billion.

"And the situation between Iran and Israel adds to the nervousness of the markets," the head of the bank pointed out another reason for the observed decline in global stock markets.

In his opinion, it is difficult to predict the future behavior of investors: an assessment of new data and the current situation could provoke both an additional sell-off and a sharp reversal to the buying trend.

"I repeat, the situation does not look like 'Black Monday' yet. Although nothing can be ruled out here," Svitek concluded.

The banker also emphasized that the turbulence in the global markets cannot directly and in the short term affect Ukraine.

"As for Ukraine, it has nothing to fear. It is already in a deep crisis provoked by the war. The economy and the country as a whole are largely supported by Western aid. Investments in the country are very limited, and the stock market is practically non-existent," explained the head Unex Bank.

Commenting separately on the collapse of cryptocurrency prices, Svitek noted that this is a very speculative market that reacts sharply to any news.

"A huge army of small investors can collapse quotes in a matter of hours or, on the contrary, raise them by tens of percent. Investments in this asset have always been very risky. However, I do not think that fluctuations in cryptocurrency can significantly affect other markets," he concluded.