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MICEX Index Falls below 700 Pts.
The MICEX index dropped below the 700-point mark to 698.74 points at 3:41 p.m. Moscow time today. It had lost 7.48 percent in the course of the day. The Russian stock market fell steadily from the opening bell. MICEX and RTS were both forced to stop trading for an hour today. RTS stopped at 1:05 and MICEX at 1:35.
By 4:00, the RTS index had fallen almost 8 percent. At 4:03, it was at 800.07 points, 7.99 percent below closing yesterday. RIA Novosti reports that the level of trading on the markets is extremely low.
www.kommersant.com
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