Russian equities were mired in a steep decline on Thursday as news of a plane crash on the Ukrainian-Russian border sent shockwaves through the financial community.
Stocks in this emerging market nation had recently hit their highest level in 5-months before the breaking news ratcheted up selling pressure.
The Market Vector Russia ETF (NYSE: RSX) is the most widely-followed index of 50 publicly traded companies located in or deriving a significant portion of their business from Russia. This ETF has more than $1.6 billion in total assets spread primarily among large-cap stocks in the energy and materials sectors.
At one point on Thursday, RSX had declined over seven percent ...
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