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Russias RTS and Micex opened sharply lower, before being halted, on Wednesday, in the face of a withering global share sell off which is wiping Billions from the value of markets worldwide.
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Russias major stock exchanges, the RTS and the MICEX, suspended all trade for an hour on Tuesday after indices took a dive. The fall reflects events on Wall Street, where share prices have plunged largely due to the fourth largest American investment bank Lehman Brothers filing for bankruptcy protection.
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A light days trade on Monday saw Russian stocks take moderate step higher, with traders taking a breather after last weeks frenetic activity. At the end of the day the RTS and Micex closed 1.05% and .62% higher respectively.
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The Russian markets may not be out of the woods yet, but there are at least signs of the green shoots of recovery. The Russian RTS and MICEX indices have shown a stable rise this week.
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A wave of selling has again engulfed the worlds equities markets on Monday. Russia's RTS and Micex were both down more than 15% in afternoon trade after being halted for an hour at about 14.00 Moscow time. Thats after Tokyo and Hong Kong closed more than 4% lower, and with London, Frankfurt and Paris down more than 5% in lunchtime trade in Europe.
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Real Falling Despite Brazillian Government Announces $50 Billion to Be Pumped Into Currency Market; Vale 3Q Income Up 64% on Price Jump; MICEX Index Plunges 14%, Will Be Closed Until Tuesday; Gazprom Down 25% and Rosneft Down 28.5% in One Day; VTB Bank Do
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Russias two stock markets fell further on Monday despite government intervention aimed at helping overcome the global financial crisis. At the close of trading, the markets were in the red, with Micex losing 3.48 per cent and reaching 666.31 points. The RTS index fell by 6.34 per cent.
![SP Cuts Russia\](http://img.youtube.com/vi/duLO0aQIrIY/2.jpg "SP Cuts Russia\")
