Sep 08

Moscow Stock Exchange Breaks, All Trading Halted For “Glitch” (ZeroHedge, Sep 8, 2015):

Update: *MOSCOW EXCHANGE PREPARING TO RESUME TRADING W/BACKUP EQUIPMENT

It appears the ‘virus’ of broken markets has spread…

  • *MOSCOW EXCHANGE SAYS TRADING HALTED IN ALL MKTS
  • *MOSCOW EXCHANGE SAYS CHECKING ON REASONS FOR GLITCH

Yet another ‘glitch’ strikes yet another crucial convergence point of technology and business. Will The Russians blame the Chinese? Or The Americans?

As Bloomberg reports,

Bourse working on determining reason for trading halt, Moscow Exchange spokeswoman says by phone.

*  *  *

The main indices were trading higher on Tuesday. The dollar-denominated RTS index was up 2.37 percent, while the ruble-traded MICEX gained 1.50 percent, as of 8amET – when the technical problem hit.

The stock market did not appear to be under any duress one way or another but we note that the Ruble has been rallying all morning (post-China) as oil prices jumped…

20150908_rub

Charts: Bloomberg

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