With another 7% decline today, many are comparing the current crash in Russia to the one that happened back in 1998. While a decline of 44% over 80 trading days is pretty dramatic, Russian equity markets still have a long way to go to match the losses seen from 10/97 to 10/98. During the Russian debt crisis, its main equity index, the Russian Trading System, fell 93% over a one-year period.
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