Russian stock market declines at start of main trading session on Moscow Exchange

Business & Economy October 08, 9:48

The MOEX and RTS indices fell by 0.3% to 2,330.32 and 858.79 points, respectively

MOSCOW, October 8. /TASS/. The Russian stock market declined at the start of the main trading session on Tuesday, according to Moscow Exchange data. Meanwhile, the yuan exchange rate reversed its early gains to trade lower.

At the opening of the main trading session, the MOEX and RTS indices fell by 0.3% to 2,330.32 and 858.79 points, respectively, according to trading data as of 09:00 Moscow time. The yuan-to-ruble exchange rate initially rose by 0.95 kopecks from the previous close to 12.759 rubles.

By 09:15 a.m. Moscow time, the MOEX index accelerated its decline to 2,328.58 points (-0.38%), while the RTS index stood at 858.15 points (-0.38%). At the same time, the yuan turned downward, dropping by 1.95 kopecks to 12.73 rubles.

Earlier, at the opening of the morning trading session, the Moscow Exchange index fell by 0.73% to 2,320.44 points, according to trading data as of 07:00 a.m. Moscow time.

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