Russian Shares Rise as Fears of Russia Invading Ukraine Ebb | News | The Moscow Times

Russian Shares Rise as Fears of Russia Invading Ukraine Ebb | News | The Moscow Times:



"Russian shares rose strongly on Wednesday, reflecting a recovery in global risk appetite and investors' hopes that international tensions over Ukraine would ease despite confusion about a Russian aid convoy.



The dollar-denominated RTS index closed up 1.8 percent at 1,220 points. Its ruble-based peer MICEX was also 1.8 percent higher at 1,398 points.



"The local market is rising stronger than could be expected given the external backdrop," Nord Capital analyst Vitaly Manzhos commented in a note. "Probably the reason for the rise is the current weakening influence of the geopolitical factor [Ukraine].""



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