by Bill McBride on 9/16/2008 02:39:00 PM
Tuesday, September 16, 2008
From the Financial Times: Russia halts trading after 17% drop
Russia authorities halted trading on the country’s 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.
Posted by Bill McBride on 9/16/2008 02:39:00 PM