Russian stock market crashed

The Moscow Exchange Index dropped below 3800 points for the first time since August 8

The Moscow Exchange Index fell back to the level of the beginning of August, having dropped to 3776.61 points, according to the data of the Moscow Exchange. The last time the index fell below 3800 points on August 8, 2021 (3790.63 points). By 11:40 am, the index had grown and even went into plus, amounting to 3879.39 points (plus 0.17 percent).

Another main index of the Russian stock market – RTS – also collapsed, dropping to 1585.65 points … The last time a fall below this mark was recorded on July 26 (1574.63 points). At 11:40 the index rose to 1,628.72 points (plus 0.04 percent).

Among the blue chips of the Moscow Exchange, the shares of TCS Group, which owns Tinkoff bank, lost the most at 11:55. The shares lost 3.15 percent and dropped to 6407.2 rubles per share. The largest growth was shown by Novatek, whose shares rose in price by 2.23 percent, to 1,611 rubles per share.



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