Russian stocks hit four-year low on Aug. 15
Russian stock markets hit four-year lows on August 15, with the MOEX index falling 4.29% and the RTS index dropping 5.1%, driven by geopolitical tensions and uncertainty over U.S.-Russia talks.
Consensus
- The MOEX index closed at 2136.35 points on August 15, a 4.29% decline.
- The RTS index fell 5.1% to 796.02 points on August 15.
- The last time the MOEX index saw a similar daily drop was in September 2022.
- The MOEX index has declined by 6.4% over the past week.
- Geopolitical tensions were cited as a key factor behind the market drop.
- The decline was attributed to uncertainty around U.S.-Russia negotiations and Ukraine-related developments.
Points of divergence
- The market drop was linked to Foreign Minister Sergey Lavrov's statement on the impossibility of halting military operations and Moscow's plan to disrupt Western support for Ukraine. — novaya_eu
- Analysts from 'SOLID Investments' noted that the delayed visit of U.S. envoys Steve Witkoff and Jared Kushner to Kyiv and Moscow contributed to market anxiety. — novaya_eu
- Experts from 'BKS Miro Investments' highlighted renewed attacks on fuel infrastructure and fuel sales restrictions in several regions as a concern. — novaya_eu
- The MOEX index's decline was specifically tied to news about Russia-U.S. relations and Ukraine negotiations, according to Interfax. — kommersant
- Specific stock performances were reported: RusAl (-6.8%), AFK Sistema (-6.71%), VK (-6.04%), Rusagro (-5.71%), Novatek (-5.27%), MKB (+3.9%), Cian (+0.6%), and Moscow Exchange (+0.1%). — kommersant
Coverage (2 sources)
- Russian stock market once again set a four-year low — Новая газета Европа
- Russian stock market set new four-year low — Коммерсантъ