Russian Market suspended. "The Situation Has Been Recognized As An Emergency", page


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Topic started on 23-4-2012 @ 04:22 PM by MidnightTide
Russia Will Not Reopen: "The Situation Has Been Recognized As An Emergency"



The technical suspension of trading to be extended

The situation has been recognized as an emergency. Further actions will be announced shortly.

For further information, please contact the Public Relations Department at (495) 363-3232.



rts.micex.ru...

Might be nothing, just a technical issue - but yes, the Russian stock market is down for an emergency? (was it hacked?) Just throwing this out here in case this "emergency" is something serious....


in other financial news:

Other then that, markets are getting hit hard today. Still worries over Italy and Spain financial issues (and give the Greeks a couple months before they blow through the last bailout money and they will be back in the news) and hey, the consumption of oil is still decreasing in China as their economy (manufacturing production) shrinks. North Korea is threatening the South again and Egypt has closed gas delivery to Israel.

Interesting day in the markets to be sure....thoughts?


reply posted on 23-4-2012 @ 07:52 PM by Rockpuck
reply to post by MidnightTide


Actions like this really piss me off. There are no "emergency suspensions" when markets explode in positive territory and post highly unrealistic gains with 5+% movements.

But god forbid a market decline past 2% .. it's an emergency!


reply posted on 24-4-2012 @ 09:37 PM by BobAthome
For anyone who cares,,,update

www.bloomberg.com...
Stocks Drop to 3-Month Low on Shrinking Output: Russia Overnight
quote from article
"False data was reflected in the trading system for an unknown reason and the Micex-RTS is undertaking an investigation, he said.
It was the second trading halt since the Micex and RTS exchanges merged in December and the third in the past 12 months, Nikita Bekasov, spokesman for the exchange, said yesterday by phone.
False data was reflected in the trading system for an unknown reason and the Micex-RTS is undertaking an investigation,
he said.
“We hope there will be no loss to anyone,”
Bekasov said,
adding that equities and bonds trading on the Micex’s main market were affected.
“We treated the situation as an emergency,
making sure no one left work
here at the Micex before
the system was restored.”
unquote

"making sure no one left work",,,
i can imagine only that conversation,,mnaybe something like this,,,

Natasha,,,,,"False data was reflected in the trading system"
commrade,,,
Boris,,,replies
actually
no
it's true that the stocks fell by that,,, % ,,is correct.
,,,commrade,,,Natasha,,

you are not listening,,Boris,,,"no one leaves till we get our money back",,commrade,,

"ohhhhhhhhhh ,,u mean",,,replied Boris,
"no one",,
Natasha,,smiled,,,

"ohhhhhhhhhhhhhhh"

the end.

tough place too work i bet!
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