Russian Stock Market Declines, Yuan Weakens Against Ruble
Quick Look
- The Russian stock market experienced a decline at the start of the main trading session, with both the MOEX and RTS indices falling.
- Concurrently, the yuan weakened against the ruble, dropping below 11.5 rubles for the first time since July 16, 2026.
AI-generated summary
Why It Matters
The Russian stock market began its main trading session with a decline, and the yuan's exchange rate against the ruble fell below 11.5 rubles.
MOSCOW, July 24. /TASS/. The Russian stock market is declining at the start of the main trading session, according to Moscow Exchange data. The yuan exchange rate fell below 11.5 rubles for the first time since July 16, 2026.
As of 10:00 Moscow time, the MOEX and RTS indices fell by 1.73% to 2,107.82 and 846.33 points, respectively. The yuan declined by 4.1 kopecks against the ruble at the opening of trading on the Moscow Exchange compared with the previous session's close, to 11.53 rubles.
By 10:15 Moscow time, the MOEX index's decline had accelerated, with the index reaching 2,090.08 points (-2.56%), while the RTS index stood at 839.77 points (-2.56%). Meanwhile, the yuan weakened further to 11.49 rubles (-8.25 kopecks).
Open Questions
- What factors are causing the market decline?
- How will the market perform throughout the day?
