If you think the drop in the Chinese market has been bad, take a look at what is happening to Russian stocks. The benchmark RTS index has lost 47% of its value just since May.
Talk about a swift kick to the privates!
The Russian stock market is dominated by companies that produce/export natural resources so the drop in commodity prices has been particularly painful.
The Russian government is talking about taking drastic steps, like using its own sovereign funds money, to prop up the stock market.
I haven’t invested in any Russian stock yet, but now may be time to start looking.
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