17 September 2008

Russian Stock Market Halts Trading After a 17% One Day Decline

Shock and awe.

Russia halts trading after 17% share price fall
By Catherine Belton and Charles Clover in Moscow
and Rachel Morarjee in London

The Financial Times

September 16 2008 19:11

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell....

Russian Stock Markets Halts Trading After 17% Decline