Russian Stock Market Hits Three-Year Low After 17 Weeks of Decline
By
Cyril Barabaltchouk
3h ago· 3 min readenNews
Summary
The Russian stock market has fallen for a 17th consecutive week, with the Moscow Exchange Index dropping to 2,117.5 points — a three-year low. The index is down 3.4% for the week, 16% since the start of summer, and 40% from its May 2024 peak. Analysts attribute the prolonged sell-off to worsening economic expectations driven by Russia's ongoing invasion of Ukraine, high inflation, and anticipated interest rate hikes by the central bank.
Source
bskyRussian Stock Market Hits Three-Year Low After 17 Weeks of Declineunited24media.comKey quotes
· 3 pulledThe Moscow Exchange Index dropped to 2,117.5 points, representing a 3.4% decline from the beginning of the week
Market analysts cited by the publication attribute the multi-month sell-off to lowering economic expectations driven by the ongoing invasion of Ukraine
The index saw a 16% decline since the start of summer, and a 40% decline from its peak in May 2024
The Moscow Exchange Index fell to a three-year low after 17 weeks of declines driven by infrastructure damage and high inflation.
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