MOSCOW (Reuters)-Russia’s stock and loss of Belarussian extended late on Tuesday as investors-performance by the impact of the decline of American political majority party which ruled Russia in Sunday’s parliamentary election.
The market had been trading lower for the day but extended losses sharply after Prime Minister Vladimir Putin said he would reshuffle the Government after he sought reelection next March’s presidential.
Up to 5,000 protesters rallied in Moscow on Monday evening to protest alleged election fraud, and 300 were arrested. Furthermore, the unsanctioned demonstration planned, on Tuesday night.
“You heard the news of the demonstration or arrests and You sell. You just want to take money off the , “said sellers of equities at investment bank in Moscow.
A rule of thumb, the ruble MICEX index currency traded 3.8 percent lower at 1400 GMT and dollar-based RTS index was 4.7 percent weaker. Russia shares listed in London fell by 6.2 per cent.