Translated material
The accelerated spread of coronavirus around the world has collapsed the Russian stock market
The ruble fell noticeably against the dollar and the euro in the evening trading of the Moscow Exchange on February 27 on fears of a Chinese coronavirus pandemic. Interfax writes about it.
By 20:00 Moscow time, the euro cost 72.6 rubles, the dollar - 66.2 rubles, both currencies reached their highest values since September 2019.
The Russian stock market closed on February 27 with the strongest drop since April 2018, Prime adds. The Moscow Exchange index at the close fell by 3.4%, RTS - by 5.1%.
In turn, the fall in oil prices sharply increased in trading on Thursday amid growing fears of the spread of the COVID-19 epidemic outside of China. Incidence rates outside the PRC have become higher than in the country itself, and this raises fears that the world is on the verge of a pandemic that will take a heavy toll on global economic growth
- By February 27, coronavirus carriers were found in Estonia, Finland and Poland, writes RBC. The spread of infection in Europe was accelerated by an outbreak in Italy, after which the coronavirus was found in Switzerland, Austria, Germany, Spain, Greece, Georgia, Romania, Norway and Denmark.