American sanctions, and fears over Syria, roil Russian markets
Stocks and the currency plunge as foreign investors rush for the door
ON APRIL 6th America imposed harsh new sanctions on Russia in response to its “malign activity” abroad. Rattled investors sent stocks tumbling when the Moscow exchange reopened on April 9th. The principal stockmarket index fell by 8.3% that day. The rouble sank sharply. Oleg Tinkov, a banker, lost $250m, but brushed it off with reference to a previous daily loss of $1bn. “Being on the Russian stockmarket is like living on a volcano,” he said.
This article appeared in the Finance & economics section of the print edition under the headline “Investing on the edge”
Finance & economics April 14th 2018
- The proxy-voting season kicks off on Wall Street
- The outlook for US government debt
- Catching the bitcoin bug
- American sanctions, and fears over Syria, roil Russian markets
- Deutsche Bank gets a new chief executive
- How developing countries weave social safety nets
- Indian states squabble over how to share out federal cash
- America’s gripes with China make a deal hard to imagine
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