Russia’s rout on Thursday is the fifth-worst plunge in equity market history in local currency terms as investors sold the nation’s assets following the country’s invasion of Ukraine.
The benchmark MOEX Russia Index closed 33% lower in Moscow, erasing $189 billion in shareholder wealth, as Western leaders vowed to step up penalties on Russia after military forces entered Ukraine. That’s the fifth most brutal one-day selloff among 90 global equity indexes analyzed by Bloomberg.
