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Russia RTS stock market suspended Russian stock exchanges suspended
(10 minutes later)
Russia's benchmark RTS stock exchange has been suspended automatically for a second time in several hours after share prices again rose too sharply. Russia's two leading stock exchanges have been suspended automatically for a second time in several hours after share prices again rose too sharply.
Earlier, trading was suspended on both the RTS and the Micex index after only an hour of trading. The Micex is up 26.3%, while the RTS has climbed 20%. Trading was halted on the RTS and Micex indexes within an hour of opening. They then reopened only to close again after rising to 25.4% and 20.2% respectively.
Trading was suspended on Thursday after big falls, prompting the state to pump billions of dollars into three banks. The indexes were suspended on Thursday after huge falls, prompting the state to pump billions of dollars into banks.
Markets in Asia also rallied strongly after news of a US rescue plan emerged.Markets in Asia also rallied strongly after news of a US rescue plan emerged.
On Thursday, US officials said they were negotiating with Congress on a comprehensive plan to rid banks of the bad debts that are at the "root" of the devastating global financial crisis.On Thursday, US officials said they were negotiating with Congress on a comprehensive plan to rid banks of the bad debts that are at the "root" of the devastating global financial crisis.
Afterwards, both Republicans and Democrats suggested an agreement was close.Afterwards, both Republicans and Democrats suggested an agreement was close.