BornAgain123
November 12th, 2008, 08:26 PM
http://www.ft.com/cms/s/0/fee36c42-b0e3-11dd-8915-0000779fd18c.html?nclick_check=1
Russian shares sank sharply on Wednesday before trading was halted as investors digested lower oil prices, uncertainty over the rouble, and worries about the Kremlin’s interference in the economy.
The price of insuring Russian debt soared as credit market sentiment turned dramatically against Russia and some of its leading companies.
Russia’s RTS stock exchange index fell 12.5 per cent in the first three hours of the session before trading was suspended for the rest of the day. Trading was halted on the more liquid Micex stock exchange on Tuesday following a steep slide and it remained closed on Wednesday. Both exchanges are scheduled to reopen on Thursday................
Russian shares sank sharply on Wednesday before trading was halted as investors digested lower oil prices, uncertainty over the rouble, and worries about the Kremlin’s interference in the economy.
The price of insuring Russian debt soared as credit market sentiment turned dramatically against Russia and some of its leading companies.
Russia’s RTS stock exchange index fell 12.5 per cent in the first three hours of the session before trading was suspended for the rest of the day. Trading was halted on the more liquid Micex stock exchange on Tuesday following a steep slide and it remained closed on Wednesday. Both exchanges are scheduled to reopen on Thursday................