Russian markets reopen after third suspension

The Micex index today rocketed 17.7% and the RTS - Russia's biggest exchange - jumped 13.9% in less than an hour of trading sparked by the Kremlin’s financial rescue plan. It was the third time the exchanges had been suspended. They were first curbed on Tuesday for an hour, then again from noon on Wednesday until Thursday morning, and finally for an hour today. The latest suspension follows action by the Russian government on Thursday when it pumped billions of dollars into the country’s three largest banks. As central banks intervened to boost money markets, Russia unveiled an emerge...