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Micex Index Plunges 17 Percent to Halt Russian Trading

September 17th, 2008 · No Comments · Russia Economy

The Russian economy continues to feel pain as the Micex Index plunged a record 17 percent according to Bloomberg.

The significant drop caused a halt in trading by the RTS Exchange for almost an hour as panic over liquidity and concerns over AIG on Wall Street.

While the Russian economy has capitalize recently on higher oil and emerging growth the recent moves on the Micex are creating deep concerns over the stability of the Russian economy.

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