by Calculated Risk on 9/17/2008 08:55:00 AM

From Bloomberg: Russian Markets Halted as Emergency Funding Fails to Halt Rout (hat tip Stefan)

Russian markets stopped trading for a second day after emergency funding measures by the government failed to halt the biggest stock rout ...

The ruble-denominated Micex Stock Exchange suspended trading indefinitely at 12:10 p.m. after its index erased a 7.6 percent gain and plunged as much as 10 percent within an hour.

Russia halted trading yesterday after the market collapsed 17%. Oh well, over one fourth of the markets value gone in two days ...