Russian Stocks Plunge to Lowest Level Since March 2023
The MOEX benchmark fell 4.42% as traders weighed a 25-basis-point rate cut, weaker oil and sanctions risks, analysts said.
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Russian Stocks Fall to Three-Year Low Amid Historic Selloff
Russian stocks plunged more than 4% on June 22, sliding to their lowest level in over three years as a 15-week losing streak deepened, The Moscow Times reported on June 22. We bring you stories from the ground. Your support keeps our team in the field. DONATE NOW The benchmark MOEX index dipped below 2,368 points during afternoon trading, its first time under that mark since March 2023, before shedding 4.42% to around 2,313 points. Among the w…
Russian Stocks Plunge to Lowest Level Since March 2023
Russian stocks tumbled more over 4% on Monday to hit their lowest level in more than three years, extending a 15-week decline after the Central Bank’s modest interest rate cut last week, which signaled that high borrowing costs will likely persist longer than investors expected.
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