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Russia halts trading after 17% share price fall

Discussion in 'News & Current Events' started by Revmitchell, Sep 20, 2008.

  1. Revmitchell

    Revmitchell Well-Known Member
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    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.

    The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.

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