Russian stock market crashed

The Moscow Exchange Index fell 3.47 percent on news of a new strain of coronavirus

The Russian stock market collapsed following trading on Friday, 26 November. At the close of the main trading session on the Moscow Exchange, the Moscow Exchange index fell to 3810.98 points (minus 3.47 percent), the RTS index – to 1589.38 points (minus 4.58 percent).

World stock market also faced an asset flight following a report from the World Health Organization (WHO) that a new coronavirus strain identified in South Africa has mutations that could increase its resistance to existing vaccines. Major US stock market indices – Nasdaq Composite, Dow Jones and S&P 500 – lost from 1.16 to 2.38 percent at the opening of trading.

In Asia, the Japanese Nikkei 225 index lost 2.53 percent, the Chinese SSE Composite – 0.56 percent, South Korean KOSPI – 1.47 percent. Europe's main stock index, the Euro Stoxx 50, is down 3.66 percent.

As of this writing, Brent crude is down more than nine percent to $ 74.78 a barrel, falling for the first time in two months below $ 76. WTI crude oil lost more than 10 percent and fell to $ 70.44. Gas futures traded at $ 1,075 per thousand cubic meters.

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