Overview

• Russia’s MOEX index closed Oct. 9 up 2.96% at 2,638.37, helped by Bank of Russia hints of possible easing and a Kremlin aide’s note that high‑level U.S. contacts continue, TASS reported.
• The prior session saw a 4.05% plunge to about 2,563, the sharpest one‑day fall since September 2022 and the lowest level since December 2024.
• Selling intensified after Deputy Foreign Minister Sergei Ryabkov said momentum for agreements had been exhausted and the structure of relations with Washington was collapsing following the Putin–Trump Alaska meeting.
• Major decliners on Oct. 8 included Sberbank (-4.9%), Gazprom (-4.1%), VTB (-4.7%), Rosneft (-2.5%) and Mechel (-6.7%), with several industrial and transport names down around 5%.
• Despite the bounce, the market has fallen for weeks, shedding over 22% in capitalization since February, as weaker fundamentals persist with the World Bank now projecting 0.9% growth for 2025.