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Russian Stocks’ 33% Crash Is Fifth-Worst in Market History

  • MOEX, Ruble plunged on Thursday after Russia invaded Ukraine
  • Russian stocks now have cheapest valuation among 90 indexes
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How Russia Invasion Impacts Markets: Goldman Sachs
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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.