Russia Stocks Halt Best Rally Since 2005, Ruble Drops on Convoy - Bloomberg:
"Russian stocks ended their longest stretch of gains in almost nine years and the ruble weakened on concern an aid convoy will stoke more tension with Ukraine. Mail.Ru (MAIL) Group Ltd. tumbled after cutting its sales forecast.
The Micex Index (INDEXCF) sank 1 percent to 1,446.60 at the close in Moscow. OAO Gazprom, the nation’s biggest oil company, dropped 1.1 percent, falling for a second day to become the biggest decliner on the index. Mail.Ru fell 11.8 percent in London after the operator of a social networking site cut its 2014 sales forecast amid a slowdown in advertising spending as sanctions against Russia threatened to exacerbate an economic slowdown. The ruble weakened 0.3 percent to 36.1350 per dollar by 6 p.m. in Moscow, when the central bank stops its market operations.
The Micex halted a 10-day advance as Valentyn Nalyvaychenko, the head of Ukraine’s security council, said on TV5 that Russia is invading the country under the cover of aid trucks. Ukraine said the convoy moved into the country without its consent. The dollar-denominated RTS Index (RTSI$) fell 1.2 percent."
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