{"id":209613,"date":"2025-10-08T17:41:10","date_gmt":"2025-10-08T17:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/209613\/"},"modified":"2025-10-08T17:41:10","modified_gmt":"2025-10-08T17:41:10","slug":"russian-stocks-suffer-sharpest-single-day-drop-in-3-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/209613\/","title":{"rendered":"Russian Stocks Suffer Sharpest Single-Day Drop in 3 Years"},"content":{"rendered":"

Russia\u2019s stock market suffered its steepest single-day decline in three years on Wednesday after a senior diplomat said<\/a> that progress toward a potential peace deal to end the war in Ukraine had largely stalled.<\/p>\n

The Moscow Exchange (MOEX) Index, which tracks 40 of the country\u2019s largest publicly traded companies, fell 4.05% to 2,563.3 points, its lowest level since December 2024 \u2014 marking the sharpest single-day drop since September 2022.<\/p>\n

Gazprom shares fell by 4.1%, Sberbank by 4.9%, VTB by 4.7% and Rosneft by 2.5%.<\/p>\n

Severstal and Aeroflot each plunged nearly 5%, while Rostelecom, Inter RAO and Magnitogorsk Iron & Steel Works shed more than 5%. Mechel saw the steepest fall, down 6.7%.<\/p>\n

\u201cGeopolitical tensions continue to pressure investors,\u201d said Yaroslav Kabakov, strategy director at Finam.<\/p>\n

The selloff accelerated after Deputy Foreign Minister Sergei Ryabkov said the\u00a0\u201cstrong momentum in favor of reaching agreements\u201d that followed President Vladimir Putin\u2019s meeting with Donald Trump in Alaska had \u201cbeen exhausted.\u201d<\/p>\n

Ryabkov added that the \u201cstructure\u201d of Moscow\u2019s relations with Washington was \u201ccollapsing\u201d and the Kremlin did not see \u201cany movement\u201d from the U.S. toward rebuilding ties.<\/p>\n

A day earlier, Putin told<\/a> senior military officials that their objective remained unchanged: to \u201censure the unconditional achievement of all goals of the special military operation.\u201d<\/p>\n

\u201cAfter a period of inflated expectations and rising stock market prices, a wave of pessimism has washed over investors,\u201d analysts at PSB Bank said.<\/p>\n

The MOEX index has now fallen for five consecutive weeks.<\/p>\n

It has lost more than 22% \u2014 equivalent to 1.3 trillion rubles ($15.9 billion, according to spot foreign exchange market data from Reuters) in market capitalization \u2014 since February, when Putin and Trump held their first phone call after Trump’s January inauguration.<\/p>\n

Extended declines in the stock market often signal deeper economic trouble, warned Andrei Khokhrin, CEO of Ivolga Capital.<\/p>\n

Russia\u2019s economy, buoyed in recent years by massive military spending, is now showing signs of slowing. GDP growth nearly stalled this summer, expanding by just 0.4% year-on-year in July and August.<\/p>\n

Civilian industries have slumped, with output in clothing down 9.1%, furniture 12.7%, food 2.1% and metals 8.4%, Khokhrin said.<\/p>\n

The World Bank recently cut its forecast for Russia\u2019s economy, projecting growth of 0.9% in 2025, 0.8% in 2026 and 1% in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"Russia\u2019s stock market suffered its steepest single-day decline in three years on Wednesday after a senior diplomat said…\n","protected":false},"author":2,"featured_media":209614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,101,112,1169,9423],"class_list":{"0":"post-209613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-economy","10":"tag-markets","11":"tag-stock-market","12":"tag-ukraine-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/209613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=209613"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/209613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/209614"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=209613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=209613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=209613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}