MICEX Index has fallen off by more than 15 percent

[Евгений]

The fall of Russian stock market indices for the last hour has accelerated sharply. By 16:20 Moscow time, the MICEX has lost over 15 percent and the RTS - eight per cent. In this case the RTS for a few minutes had a sharp jump up - even at 16:00 it drop more than 10 percent.
Recall that the sharp decline in all the world's stock markets began on 15 September, when it was announced bankruptcy investment bank Lehman Brothers. In addition, the rating was downgraded the largest U.S. insurer AIG, which may also indicate its near bankruptcy.

Immediately after these reports have fallen off as the stock indices of developed countries and developing countries. This is due to the fact that investors began to sell assets into risky markets to obtain cash, which many banks lack.

Because of this, in the greatest minus Russia were the most reliable action. Thus, VTB securities on the MICEX has fallen in price by 21 percent, and the Savings Bank - by 20 percent. The capitalization of Gazprom fell by 11.76 percent, and Rosneft - by 14 percent.

Such a decline usually means that stock markets are no buyers who would agree to purchase securities.

The crisis in the stock market may result in the collapse of investment banks, carried away by investment in Russia's actions, as well as a multibillion-dollar losses of shareholders who have invested in mutual funds shares.