Trading was suspended on the Russian stock market yesterday after another steep slide in early trading. It was the second day running that trading had been halted.
With Russian traders still reeling from what was the sharpest one day percentage drop since the country's 1998 financial crisis, the MICEX stock index began the day by climbing before heading south again. Another key index, the RTS, took the same path. For the second day running, banking and energy stocks have suffered heavy losses. While the RTS exchange has reopened to limited trading, a MICEX official has stated that he does not know when its floor will see further activity.
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