Financial Times FT.com

Falls prompt closure of Russian exchange

MOSCOW, Sept 16 - Russia’s most liquid stock exchange Micex suspended trade on Tuesday after the worst one-day fall in 10 years as Alexei Kudrin, finance minister, reassured markets there was no ”systemic” crisis.

Share trade on Micex was suspended for one hour starting at 4:42 p.m. (1242 GMT) because of steep falls driven by liquidity fears, an exchange official said.

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