Russian equity markets opened lower on Tuesday, with both the MOEX and RTS indices posting significant losses in the early stages of the main trading session.
The MOEX index fell 1.54% to 2,160.32 points, while the RTS index dropped to 872.84 points as of 10:00 a.m.
The yuan exchange rate initially weakened before stabilizing and turning positive.
The decline marks a continuation of the downward trajectory that has plagued Russian equities since late March.
The market recently recorded its sharpest weekly decline in almost four years, signaling a systematic erosion of investor confidence.
This latest session’s losses suggest that selling pressure remains broad-based and that the bearish phase is far from over.