Russian stocks crashedby as much as 45%
and the ruble hit a record low against the
dollar on Thursday. The MOEX index plunged as much as 45%
before rebounding to trade down 33%, while the RTS index — which is
denominated in dollars — was down 38% at 8:25 a.m. ET. The crash
wiped about $70 billion off the value of Russia's biggest
companies.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Russian stocks crashedby as much
Posted by EdZ on 24th of Feb 2022 at 09:45 am
Russian stocks crashedby as much as 45% and the ruble hit a record low against the dollar on Thursday. The MOEX index plunged as much as 45% before rebounding to trade down 33%, while the RTS index — which is denominated in dollars — was down 38% at 8:25 a.m. ET. The crash wiped about $70 billion off the value of Russia's biggest companies.