Russian equity markets reversed course on Tuesday, with both the MOEX and RTS indices posting losses at the start of the main trading session.
The decline marks a sharp contrast to the previous day, when Russian stocks had rallied for a third consecutive session.
42 points. The synchronized drop across the two primary benchmarks suggests broad-based selling interest rather than isolated sector weakness.
As of 10:00 Moscow time, the MOEX index had slipped 0.13% to 2,133.43 points, while the RTS index fell to 856.42 points.
The synchronized drop across the two primary benchmarks suggests broad-based selling interest rather than isolated sector weakness.
Currency markets reflected similar sentiment, with the yuan exchange rate weakening against the ruble during the early hours of trading.
The move adds to the volatility seen in Russian financial markets over the past week, where indices have swung between modest gains and losses.