Russian Stocks Tumble,Trading Suspended

NEW YORK (MarketWatch)Russian stocks tumbled Tuesday, prompting the RTS and the Micex stock exchanges to suspend trading for one hour at 4:05 p.m. Moscow time.The dollar-denominated RTS stock index plunged 9.4%, while the ruble-denominated Micex stock index fell 9.6%. The decline in Russia followed a tumble in oil prices and declines on global stock markets. In New York, the Market Vectors Russia ETF (RSX:11.01, -2.09, -15.9%) , which tracks the Russian markets, tumbled 14.4%.

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