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Stocks Close Down
- By Unknown
- Oct. 12 2000 00:00
Shares finished lower Wednesday as the directionless bourse was buffeted by turbulence on Western markets, traders said.
The Moscow Times Index of 50 leading shares dropped 3.25 percent to 146.92 on turnover of $21.04 million. The RTS index closed off 2.99 percent at 187.22.
"We are in earnings period now and that unfortunately doesn’t look like it will bring any stability to the big Western markets that have been dragging us underfoot," said one trader.
Tech stocks brought down the U.S. market on Tuesday, leading Moscow and other markets to fall, traders said.
The Moscow Times Index of 50 leading shares dropped 3.25 percent to 146.92 on turnover of $21.04 million. The RTS index closed off 2.99 percent at 187.22.
"We are in earnings period now and that unfortunately doesn’t look like it will bring any stability to the big Western markets that have been dragging us underfoot," said one trader.
Tech stocks brought down the U.S. market on Tuesday, leading Moscow and other markets to fall, traders said.
