Russian stocks, yuan exchange rate move to negative territory in early trading

Business & Economy December 03, 2024, 10:56

As of 10:20 a.m. Moscow time (07:20 a.m. GMT), the MOEX was down by 0.64% at 2,570.3 points, while the RTS was down by 0.64% at 755.49 points

MOSCOW, December 3. /TASS/. Russia’s stock market has moved to the negative territory following slight growth at the beginning of Tuesday trading on the Moscow Exchange. The yuan exchange rate is down against the ruble, according to trading data.

As of 10:00 a.m. Moscow time (07:00 a.m. GMT), the MOEX and RTS indices edged up by 0.08% to 2,588.87 points and to 760.94 points, respectively. The yuan against the ruble added 3.55 kopecks compared with previous closing to 14.644 rubles.

As of 10:20 a.m. Moscow time (07:20 a.m. GMT), the MOEX was down by 0.64% at 2,570.3 points, while the RTS was down by 0.64% at 755.49 points. The yuan was down by 2.4 kopecks at 14.584 rubles.

On June 13, the Moscow Exchange suspended trading in the dollar and euro after the US Treasury imposed sanctions against it and the National Clearing Center, part of the Moscow Exchange group. The regulator uses bank reports and information from over-the-counter trading to determine the dollar and euro exchange rates to the ruble.

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