HONG KONG, Mar 24 (Reuters): Hong Kong shares of Russian aluminium producer OK Rusal, one of the few Russia-related securities still being traded, slipped on Thursday ahead of a partial reopening of trading of stocks on the Moscow Exchange later in the day.
Russian stocks last traded on the Moscow Exchange on Feb. 25, after which the central bank curbed trading as Western sanctions over events in Ukraine threw markets into turmoil.
On its last day of trading, the rouble-based MOEX Russian index (.IMOEX) had gained 20 per cent, after crashing 33 per cent the previous day to its lowest since early 2016.
Most major US, European and Asian bourses have suspended trading of Russian stocks and exchange-traded products, following western sanctions imposed in response to Russia's invasion of Ukraine one month ago, which Moscow calls a special operation.
Rusal's shares traded between HK$4.04 and HK$4.17 on Thursday. Its trading volumes surged in early March, as the stock tumbled from a more than 10-year intraday peak of HK$9.2 a share on February 17.
Russia's Rusal shares slip in Hong Kong
FE Team | Published: March 24, 2022 21:47:26
Russia's Rusal shares slip in Hong Kong
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