The Russian stock market showed a decline at the end of trading

21.09.2021

The Russian stock market ended the main session with a substantial decline. According to the trading data, the Moscow Exchange index fell by 1.62 percent to 3969.61 points, the RTS index – immediately by 2.54 percent to 1700.66 points. During the day, the RTS index dropped below 1,700 points for the first time since September 1.

The domestic market moves along with other global platforms. Investors are selling shares against the background of news from China, where the imminent bankruptcy of one of the country’s largest developers, Evergrande, is expected. At 18:50 Moscow time, the Dow Jones index fell 1.6 percent to 34,030.63 points, the Nasdaq index – 2.26 percent to 14,704.7 points. In anticipation of Evergrande’s default, there was a “domino effect” – shares of another Chinese developer fell 87 percent in a day due to investors’ panic. Evergrande shares fell 10.24 percent to $2.28.