Russia stocks open lower after US vows further sanctions; Rusal tanks 14%

Monday, April 16, 2018 | Tag Cloud Tags: , , , ,

(Worthy News) - Russia's stock market opened lower on Monday morning, amid renewed concerns over the prospect of imminent U.S. sanctions.

The Moex index fell 1.3 percent during early morning deals in Moscow, extending losses of more than 4 percent over the last month. Meanwhile, the U.S. dollar-denominated RTS gauge slipped 1.2 percent.

Shares of aluminum giant Rusal plummeted more than 25 percent lower in Hong Kong trade on Monday morning — notching record lows. Oleg Deripaska, the Russian billionaire behind the Hong Kong-listed stock, was one of the executives targeted by U.S. sanctions announced on April 6. [ Source: CNBC (Read More...) ]

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