Russian stocks drop 4 pct at closing on fears of recession, poor bank results

© RIA Novosti . Anton Denisov / Go to the mediabankRussian stocks drop 4 pct at closing on fears of recession, poor bank results
Russian stocks drop 4 pct at closing on fears of recession, poor bank results - Sputnik International
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Russia's dollar-denominated RTS stock exchange index dropped 4.79 percent compared to the previous close, while the country's ruble-denominated MICEX index fell 3.73 percent at closing on Thursday amid gloom on international trading floors.

Russia's dollar-denominated RTS stock exchange index dropped 4.79 percent compared to the previous close, while the country's ruble-denominated MICEX index fell 3.73 percent at closing on Thursday amid gloom on international trading floors.

As of 18:45 Moscow time, the RTS index amounted to 1,584.20, the MICEX index to 1,452.83. The both indices broke their week lows.

Leading European stock indices also plunged on Thursday due to spreading fear of slowing world economic growth and poor bank results.

By 15.14 GMT, London's FTSE 100 dropped 4.26 percent to 5,104.64, Frankfurt's Dax lost 5.06 percent to 5,648.15, while France's Cac 40 went down 5.01 percent to 3,091.42.

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