Russian stock exchanges had to halted trading again today (Friday) for the fourth successive day running, but this time the explanation was a rather different one - since stocks rapidly surged higher, following President Medvedev's announcement yesterday that the government was going to inject funds into the purchase of Russian stocks.
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On Monday, March 5, Russian stocks continued to fall sharply for the fifth trading session in a row, weighed down by declines in commodity prices and Asian stocks. The majority of emerging markets - including the other BRIC heavyweights India, China and Brazil - remain under heavy selling pressure.
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Russian stock market is the next in line on Wednesday, Feb. 28, to undergo the test of what's worth. After Chinese stock market dropped by 9 percent on Tuesday, the suit was followed by the DJIA in the U.S. and by the European stock markets.
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