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Russian Stock Market Climbs
Neil Richard Leslie | September 19, 2008Russian stock markets - MICEX and RTS - restarted today and climbed 23.1 and 15.5 percent respectively, reports CNN. Both indexes were closed on Wednesday after the MICEX suffered one-day losses on a scale not seen since Russia's 1998 financial collapse. It plunged 25 percent in just 2 1/2 days on the back of tumbling oil prices and Wall Street turmoil, and was down more than 55 percent since its May peak.
