3 ms·
What does that mean?
by axiosgunnar 5y ago
What does that mean?
- mateo1 5y agoRussia lost access to half a trillion in foreign assets but so did foreign owners of Russian assets.
- wahern 5y agoThe Reuters article speaks in terms of number of shares, not valuation. According to a Barrons article, "Foreign investors owned about $86 billion of Russian stocks at the end of last year, according to data from the Moscow Exchange." https://www.barrons.com/articles/russian-stocks-frozen-whats-going-on-51646424002 https://www.barrons.com/articles/russian-stocks-frozen-whats... This is echoed by an FT article, which additionally says that bonds and other securities account for at least another USD $61 billion, rounding things up to USD $150 billion of total securities exposure: https://www.ft.com/content/ff0f0533-ca8f-4e7b-9cd8-28710dcee5f7 https://www.ft.com/content/ff0f0533-ca8f-4e7b-9cd8-28710dcee... The article seems to imply that's a conservative figure, but it's still a far cry from USD $1 trillion.
- veganhouseDJ 5y agoI am pretty sure it means if they open the exchange, it will be the most lopsided market of sell orders ever. Doesn't seem to be any indication that the markets will open tomorrow. Nickel market is completely dislocated now https://tradingeconomics.com/commodity/nickel https://tradingeconomics.com/commodity/nickel Who knows how that will reverberate.