The Russian market has plummeted to its lowest levels since 2023: investors are in a panic
Following another sharp sell-off in June, the Russian stock market resumed its decline, hitting new lows since the beginning of 2023.
The Moscow Exchange Index fell 2.1% during Monday’s trading session, reaching 2,164.81 points—its lowest level since February 2023. Overall, the decline since the start of summer has been about 14%, and since the start of the year—more than 22%. Analysts note a sharp deterioration in investor sentiment, with investors increasingly describing the situation as bordering on panic.
Along with stocks, Russian government bonds are also falling in price, and the yield on long-term OFZs has exceeded 16% per annum. Experts attribute the decline to a combination of macroeconomic and geopolitical factors, as well as rising inflation risks and uncertainty regarding future monetary policy.
This is reported by Russian propaganda media.
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