place bets against Russian sharesShort sellers borrow stocks they believe are overvalued and immediately sell them, hoping to repurchase the shares for a lower price when they need to be returned and to pocket the difference. The MOEX, Russia’s benchmark stock index, crashed 45% Thursday.
Officials earlier had suspended trading on Moscow’s exchange before reopening it at 10 a.m. local time.
Source: News Formal (newsformal.com)
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