September 16th, 2008, 12:47 pm
Obviously the drop would be linked in part to current oil pricing, but they halted trading for awhile.The debate about circuit breakers goes on."MOSCOW, Sept 16 (Reuters) - Russia's most liquid stock exchange MICEX suspended trade on Tuesday after the worst one-day fall in 10 years as Finance Minister Alexei Kudrin reassured markets there was no "systemic" crisis.Share trade on MICEX was suspended for one hour starting at 4:42 p.m. (1242 GMT) because of steep falls driven by liquidity fears, an exchange official said.The index was down 16.6 percent at 890.29 having fallen as low as 889.66 -- its biggest percentage loss since the Russian financial crisis of 1998.Trading was also suspended for one hour in the dollar-denominated RTS index .IRTS."Reuters - Russian stocks suspended
Last edited by
Trickster on September 15th, 2008, 10:00 pm, edited 1 time in total.