MOSCOW, January 23 (RIA Novosti) - The Russian Trading System (RTS) index gained 1.83% during Wednesday morning's trade to 2,003.65 points, regaining losses sustained in the past two days on negative data from world markets.
On Monday afternoon the RTS stock exchange plunged 7.38% from Friday's close to below 2,000, and fell another 5.83% to below 1,900 points on Tuesday morning.
However, the index was given a boost by the United States Federal Reserve's decision to slash its key financing rate by three quarters of a percentage point to 3.5% on Tuesday, an emergency move to avoid a financial market crisis.
World stock exchanges have seen heightened volatility in recent weeks following the financial turmoil provoked by the U.S. subprime mortgage loan crisis and fresh signs of a recession in the world's largest economy.
