BUSINESS
10/17/2008 05:12 am ET Updated May 25, 2011

Russia Halts Trading After 17% Share Price Fall

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.

Trading was suspended on both the Micex and RTS stock exchanges as investors ignored assurances by Russian officials and a cycle of distrust set in amid liquidity fears.

Read more on Financial Times