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Moscow shuts down stock exchanges

The Micex stock exchange

Russian authorities today stopped trading at the MICEX and RTS stock exchanges for the third day in a row. The MICEX exchange will be closed until Friday.

Both the MICEX and RTS exchanges were closed today at 11 am Moscow time. While the RTS will be closed for one hour, the MICEX will be closed for almost two days, until Friday, RIA Novosti reports. By the time of closure, the MICEX had dropped 14,35 percent while the RTS had falled 11,51 percent.