Russia's two leading stock exchanges have resumed trading an hour after they were suspended automatically because share prices had risen too sharply.
Russia's two leading stock exchanges have resumed trading an hour after they were suspended automatically because share prices had risen too sharply.
In less than an hour of trading on Friday morning, the Micex index rose 17.7%, while the RTS climbed by 13.9%.
In less than an hour of trading on Friday morning, the Micex index rose 17.7%, while the RTS climbed by 13.9%.
On Thursday, with trading suspended because of big falls, the Russian government injected billions of dollars into the country's three largest banks.
On Thursday, with trading suspended because of big falls, the Russian government injected billions of dollars into the country's three largest banks.
Markets in Asia also rallied strongly after news of a US rescue plan emerged.
Markets in Asia also rallied strongly after news of a US rescue plan emerged.
On Thursday, US officials said they were negotiating with Congress on a comprehensive plan to rid banks of the bad debts that are at the "root" of the devastating global financial crisis.
On Thursday, US officials said they were negotiating with Congress on a comprehensive plan to rid banks of the bad debts that are at the "root" of the devastating global financial crisis.
Afterwards, both Republicans and Democrats suggested an agreement was close.
Afterwards, both Republicans and Democrats suggested an agreement was close.
