The Russian market lost 15%. They are afraid that Putin's government will now go around arresting other business executives and start disbanding their companies.
I guess they didnt want the deal to go through.....Imagine an American Company owning a piece of the pie...
What options of Russian stocks are actively traded in US? I was looking for YUkos and Lukoil, but I didn't find any? Anyone trading options of Russian ADRs in US?
I also need the US symbol for "surgutneftegaz", which should be traded in US, because it's quite big in Russia IMHO.
Energies and industrials. The backbones first for safer gains. Or you could take some chances on the high techs. The reason the Russian market is down 15% is because it's a bubble bursting. Not a big one, but still, stocks are overvalued ahead of their progress. It's just natural.
Moscow Market Plunges for Second Time http://story.news.yahoo.com/news?tm...&e=4&u=/ap/20031030/ap_on_re_eu/russia_tycoon
markets don't like it when the state interferes with private ownership of property; assets are repriced to adjust for the risks (i.e. risk of seizure, low productivity, liquidation, etc.).