October 6, 2008

Russian Stock Exchanges Suspend Trading

Trading suspended on Russian bourse for second time

Trading was suspended on Russia’s main stock markets twice Monday as shares went into free fall on the back of falling oil prices and deepening fears about the global economy. (UPDATED) hurriyet.com.tr

A wave of selling has again engulfed the worlds equities markets on Monday. Russia’s RTS and Micex were both down more than 15% in afternoon trade after being halted for an hour at about 14.00 Moscow time. Thats after Tokyo and Hong Kong closed more than 4% lower, and with London, Frankfurt and Paris down more than 5% in lunchtime trade in Europe. RussiaToday