Russian Ruble and Stock Exchange under the Influence of Coronavirus

Russian Ruble and Stock Exchange under the Influence of Coronavirus

  The Russian ruble and its stock market have declined as the new type of coronavirus (Kovid-19) epidemic began to spread in countries outside China. Following news that the coronavirus epidemic has spread in various countries, the Russian ruble fell 2.18 percent against the dollar to 65.12, and fell 2.24 percent against the euro to 71.09. The Moscow Stock Exchange (MICEX) index fell 1.26 per cent to 3066 points in the first half of the day after yesterday's holiday, while the RTS index fell 2.1 per cent to 1492 points. It is pointed out that the risk appetite of investors has decreased due to the concern that quarantine applications may also occur in different countries after the coronavirus has spread to countries outside of China. Russia has closed its border with China, one of the biggest trading partners in the virus outbreak, and stopped issuing visas to Chinese citizens.