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08/11/1998 12:30:47 RUSSIA RTS SAYS SHARE TRADE SUSPENDED AFTER INDEX FALLS OVER 7 PCT FROM OPEN

Пост обновлен 12 авг. 2018 г.

MOSCOW, Aug 11 (Reuters) - The Russian Trading System (RTS),

the main electronic share dealing network, said on Tuesday that

it suspended trade after the index fell more than seven percent

since the open.

A spokesman for the RTS said trade was stopped after a drop

of 7.57 percent to 106.58 at 1230 GMT triggered circuit

breakers. He did not know when trading would resume.


Russian shares have been slipping on low liquidity for

several days, with dealers and analysts citing concerns that

Prime Minister Sergei Kiriyenko will not be able to pull off the

feat of rescuing Russia from financial collapse.

The bourse has also been hit by the general fear of emerging

markets in the wake of crises in Asia.

The RTS1-Interfax index <.IRTS> of leading shares was down

11.86 percent at 106.58 from Monday's close by 1245 GMT.

((Moscow newsroom +7095 941 8520,

moscow.newsroom@reuters.com))

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