Russia Stocks Drop First Day in 4 as U.S. Budget Sends Oil Lower
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Russian equities retreated for the first time in four days as crude oil, the nation’s chief export earner, fell and investors sold riskier assets amid a deadlock in U.S. budget talks.
The Micex Index lost 0.7 percent to 1,411.83 by the close in Moscow. Utilities and financial stocks declined at least 0.9 percent on average. Russia’s dollar-denominated RTS Index sank