WIRE — Russia's stock market has entered one of its weakest periods in recent years after the Moscow Exchange Index briefly fell below the psychologically important 2,000-point mark for the first time since October 2022. Although the benchmark recovered part of its losses during early trading the following day, market participants say the rebound has done little to change the broader bearish outlook. Russian Stocks Continue Multi-Month Decline The MOEX Index dropped below 2,000 points during intraday trading before recovering above that level later in the session. Even after the rebound, the benchmark remained close to its lowest reading in almost four years. The latest decline followed one of the market's sharpest daily losses since September 2022. Analysts noted that Russian equities have now fallen for five consecutive months, with the benchmark losing nearly 27% since the beginning of the year. Much of that decline occurred during the summer, as heavy selling accelerated in both June and July.
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