Russian shares plunge following global trend

Source: Xinhua| 2020-03-18 18:30:51|Editor: xuxin
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MOSCOW, March 18 (Xinhua) -- Russian shares fell to new lows on Wednesday following a worldwide decline in the stock and commodity markets, Moscow Exchange data has shown.

Immediately after the opening, the RTS Index plummeted to 894.25 points, the lowest since June 2016.

By 13:00 p.m. Moscow time (1000 GMT), the RTS Index went down 6.9 percent to 870.27 points and kept declining, while the MOEX Russia Index fell 3.4 percent to 2149.84 points, also showing a negative trend.

The Russian currency continued to depreciate, with the U.S. dollar up 2.45 percent to 77.89 rubles and euro up 2.64 percent to 85.54 rubles.