Russian equity markets opened higher on Tuesday, extending the momentum from a strong close on Monday.
The ruble-denominated MOEX Index and the dollar-denominated RTS Index both posted gains in the early session, according to data from the Moscow Exchange.
21%. The Chinese yuan also strengthened against the ruble during the opening hours.
As of 10:15 AM Moscow time, both indices were up 0.21%.
The Chinese yuan also strengthened against the ruble during the opening hours.
The positive start follows a significant rally on Monday, when the MOEX Index climbed 2.84% to finish at 2,350.43 points, while the RTS Index gained 1.92% to close at 952.28.
The rebound in Russian equities has been driven by easing geopolitical tensions and improved sentiment among domestic investors.