Moscow bourse tumbles as MOEX Russia Index falls 4.53% to three-year low
Russian equities closed notably lower on Monday, with the MOEX Russia Index down 4.53% to a new three-year trough. Broad selling in Oil & Gas, Power and Mining led declines, while the Russian Volatility Index jumped to a six-month high. Several large-cap names hit multi-year or record lows as trading ended.