Russian official stopped trading on the two biggest Russian stock markets mid-day today as they dropped 17% in a massive sell-off. The main cause seems to be the falling price of oil. Russian's oil companies can't increase output so their profit levels are determined by the price of oil.
Tuesday, September 16, 2008
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1 comment:
i wonder if the closing of the markets themselves will cause an even larger drop off the next time they're open?
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