Russia's Stock Exchange Crashes as Mobilization Rumors Swirl
Sept 20, 2022 16:00:31 GMT -5
Post by schwartzie on Sept 20, 2022 16:00:31 GMT -5
Russia's Stock Exchange Crashes as Mobilization Rumors Swirl
BY GIULIA CARBONARO ON 9/20/22 AT 10:55 AM EDT
Russia's stock exchange took a dive on Tuesday with the MOEX Russia Index—the ruble-denominated benchmark of the Russian stock market—sinking over 2 percent year-on-year, as per data from Trading Economics.
According to the website, which provides economic data for 196 countries, part of the reason why the market took a plunge is that investors are concerned over Russia's decreased energy exports to Europe and consequent lower profits, plus a decline in energy prices.
Another factor which might be playing into the market's fall is the recent spread of rumors saying that Russian President Vladimir Putin might soon launch a mass mobilization for the war in Ukraine.
While there's no certainty that this is a move the Russian leader will actually make—and the Kremlin said last week that there had been no discussion of a nationwide mobilization—some Russian politicians and nationalists close to Putin have been calling for such drastic action.
Continued at link
BY GIULIA CARBONARO ON 9/20/22 AT 10:55 AM EDT
Russia's stock exchange took a dive on Tuesday with the MOEX Russia Index—the ruble-denominated benchmark of the Russian stock market—sinking over 2 percent year-on-year, as per data from Trading Economics.
According to the website, which provides economic data for 196 countries, part of the reason why the market took a plunge is that investors are concerned over Russia's decreased energy exports to Europe and consequent lower profits, plus a decline in energy prices.
Another factor which might be playing into the market's fall is the recent spread of rumors saying that Russian President Vladimir Putin might soon launch a mass mobilization for the war in Ukraine.
While there's no certainty that this is a move the Russian leader will actually make—and the Kremlin said last week that there had been no discussion of a nationwide mobilization—some Russian politicians and nationalists close to Putin have been calling for such drastic action.
Continued at link
