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Reply #161: Russia halts trading after 17% drop...is this posted? [View All]

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Buttercup McToots Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 01:55 PM
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161. Russia halts trading after 17% drop...is this posted?
http://www.ft.com/cms/s/6ff9306c-83f1-11dd-bf00-000077b...


Russia halts trading after 17% drop

By Rachel Morarjee
Published: September 16 2008 15:07 | Last updated: September 16 2008 15:07

Russia authorities halted trading on the countrys stock exchange on Tuesday after it plunged 17 per cent in a broad-based sell-off.
At 1700 local time, the rouble-denominated Micex index had fallen 17.5 per cent to 881.17 and the RTS index dropped 12 per cent to 1,131.120 as the falling oil price, margin calls on local investors and a broader sell-off in emerging markets stocks drove shares down.

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