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[URL unfurl="true"]https://tradingeconomics.com/russia/stock-market[/URL]The ruble-based MOEX Russia index closed 0.3% lower at 3,084 on Monday, extending Friday’s retreat amid sharp losses for miners and metallurgists as investors continued to assess the latest corporate news and extraordinary government measures amid the war in Ukraine.Steel producers booked sharp losses, with Mechel and NLMK tanking 3% and 2%, respectively, while Severstal lost nearly 1%.Markets continued to fret about signs of low resource demand in China as it economy continues to slow and its Politburo fails to calm markets with pledges of significant stimulus.On the other hand, oil producers and banks moved higher.[ATTACH=full]160661[/ATTACH]
[URL unfurl="true"]https://tradingeconomics.com/russia/stock-market[/URL]
The ruble-based MOEX Russia index closed 0.3% lower at 3,084 on Monday, extending Friday’s retreat amid sharp losses for miners and metallurgists as investors continued to assess the latest corporate news and extraordinary government measures amid the war in Ukraine.
Steel producers booked sharp losses, with Mechel and NLMK tanking 3% and 2%, respectively, while Severstal lost nearly 1%.
Markets continued to fret about signs of low resource demand in China as it economy continues to slow and its Politburo fails to calm markets with pledges of significant stimulus.
On the other hand, oil producers and banks moved higher.
[ATTACH=full]160661[/ATTACH]
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