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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (1157)	10/27/2003 6:43:18 AM
From: Julius Wong	Read Replies (1) \| Respond to of 1301

Russian Stocks Plunge, Led by Yukos, After Khodorkovsky Arrest Oct. 27 (Bloomberg) -- Russian stocks tumbled after the arrest on Saturday of Mikhail Khodorkovsky, chief executive of AO Yukos Oil Co. and the country's richest man, on charges of fraud and tax evasion. Shares of Yukos, Russia's largest oil producer, plunged. The Moscow Interbank Currency Exchange Index, or Micex, dropped 14 percent as of 1:24 p.m. local time. Yukos plummeted 20 percent and OAO Sibneft, a company that Yukos has agreed to buy, slid 20 percent. The ruble fell against the dollar and the euro, and bonds dropped. Yukos called the charges ``absurd.'' quote.bloomberg.com