Thursday, 27 February 2014

Markets Feel Repercussions of Ukraine Turmoil | The Moscow Times #EuroMaidan

Markets Feel Repercussions of Ukraine Turmoil | The Moscow Times:



"Russian stocks plunged for a second day and the ruble sank to a five-year low against the dollar on Thursday, as investors took fright at unrest in Ukraine's Crimea region and saber-rattling by neighboring Russia. 




The dollar-denominated RTS index briefly shed more than 3 percent on the day, after Russian media reported that ousted President Viktor Yanukovych, wanted in Ukraine for mass murder, had been offered sanctuary in Russia.



Russian stocks rallied early but fell sharply after midday as the Russian and Ukrainian governments both issued strong statements warning against aggression.



Stock prices regained some composure later in the afternoon, bolstered by the Ukrainian parliament's approval of a new coalition government and a Russian statement that it would stick to international agreements on the use of its Black Sea Fleet. 




The RTS was down 1.95 percent at the end of the day at 1,261 points. The ruble-denominated MICEX index was down 1.4 percent at 1,448 points."



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