This Is How It Looks When Putin Crashes The Russian Stock Market | Exploring Markets

This Is How It Looks When Putin Crashes The Russian Stock Market

Take a look at the two charts below.

The first one shows what has happened so far today on Russia's largest stock exchange, the Moscow Exchange. It's crashed more than 10%, and in less than one day has wiped out more than six months of gains:




In the chart above, you'll see an arrow pointing to a giant red candle. That red candle shows how hard and fast the Moscow Exchange has dropped. The top of the candle represents the opening price, and the bottom represents where it is trading at now. All of this news comes after Russia, largely under Putin's orders, invaded Ukraine.

But that may not even be the worst part. Russia's currency, the Ruble, is also crumbling. It's hitting some of its highest levels ever versus the U.S. Dollar, and its lowest levels since 2009 on futures markets. The Central Bank in Russia even acted out of panic this morning and increased its benchmark financing rate to 7% from 5.5%.

Here's a second chart, this time showing what has happened to the Russian Ruble. The chart shows how the Ruble is trading on CME futures markets. It is hitting its lowest level since 2009 and has been plummeting all year: