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‘Uninvestable’ Russia Is Rattling Global Markets: Traders React

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Advise Investors to Remain Very Defensive: Credit Suisse’s Sia
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Global money managers say Russian markets are increasingly looking uninvestable as they grapple with the repercussions of tough sanctions. 

Russian markets were roiled on Monday as the ruble plunged to an all-time low and stock trading on the local bourse was canceled. Outside the country, losses were fairly limited with S&P 500 futures trading down just 1.3%.