Russia Holds Off Again on Reopening Stock Market

Russian authorities will keep the Moscow stock market largely closed for a fifth straight day, as they continue to shield local shares from potentially severe selling pressure.

With limited exceptions, the Moscow Exchange’s stock and derivatives markets would remain closed Friday, the Bank of Russia said in an early morning statement.

On Thursday, the US Financial Industry Regulatory Authority halted over-the-counter trading in several US-listed Russian stocks, while the London Stock Exchange similarly suspended trading in more than 50 Russian securities to “maintain orderly markets.”

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