Russia trading suspended after dramatic losses

The RTS and Micex have both climbed since the re-start following the postponement, which was sparked by dramatic 20% losses in value on Monday. Since May, the RTS index has dropped more than 60%. The volatility has prompted Russian President Dmitry Medvedev to call for urgent action to deal with the global financial crisis. He called for “new solutions” to the problems which yesterday sparked significant losses across the world. The President said he would raise the issue at an international conference in France on 8 October. IFAonline