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Russian Stock Market Halt Extended, Ruble Trading to Reopen
Russia is keeping its stock market shut in an effort to protect domestic investors from the impact of harsh sanctions, while currency trading is set to resume. The Moscow Exchange equity market will stay closed on Wednesday, the Bank of Russia said in a statement. The trading halt, which began on Feb. 28, is the longest in the country’s modern history. Foreign-exchange trading, meantime, is set to reopen on Wednesday after a shorter closure. Before the shutdown, the IMOEX benchmark index saw its worst weekly slump on record. While the trading halt helped to limit the damage for local stocks, Russian equities listed ... (full story)