Breaking News: MOEX Russia Index Plunges Amidst Global Economic Uncertainty

Substantial Drop

Moscow Exchange's Leading Index Suffers Significant Loss

Moscow, Russia - The Moscow Exchange (MOEX), Russia's largest stock exchange, has witnessed a substantial plunge in its flagship MOEX Russia Index. The index, which tracks the performance of the top 50 companies on the exchange, has tumbled by over 10% in pre-market trading, marking one of its sharpest declines in recent history.

Analysts attribute the index's plunge to growing concerns over the global economic outlook and geopolitical tensions. The ongoing conflict in Ukraine and the impact of Western sanctions on Russia's economy have weighed heavily on investor sentiment, prompting a sell-off in Russian assets.