Russian stock market rebounds after opening dip, yuan strengthens against ruble
Quick Look
- The Russian stock market opened lower but turned positive by 09:27 a.m.
- Moscow time, with the MOEX and RTS indices gaining 0.03% each, while the Chinese yuan strengthened against the ruble, rising 4.9 kopecks to 12.517 rubles.
AI-generated summary
Why It Matters
The report covers early trading session movements in Russian financial markets, citing data from the Moscow Exchange.
MOSCOW, September 30. /TASS/. The Russian stock market turned positive following an initial dip at the opening of the main trading session, according to Moscow Exchange (MOEX) data, while the Chinese yuan continued to rise.
At the start of the main session at 09:00 a.m. Moscow time, the benchmark MOEX and dollar-denominated RTS indices both slipped by 0.07% to 2,261.24 and 843.74 points, respectively. Meanwhile, the yuan opened 5.5 kopecks higher against the ruble compared to its previous close, trading at 12.523 rubles.
By 09:27 a.m. Moscow time, the MOEX index reversed losses to tick up 0.03% to 2,263.58 points, and the RTS index similarly gained 0.03% to reach 844.59 points. At the same time, the yuan was up 4.9 kopecks to at 12.517 rubles.
Earlier, during the early-morning session at 07:00 a.m. Moscow time, the MOEX index had opened 0.15% lower at 2,259.3 points.
Open Questions
- What caused the initial dip in the MOEX and RTS indices at market open?
- Whether the yuan's rise against the ruble will continue beyond the morning session
