New York Stock Exchange and Nasdaq Temporarily Suspend Trading of Russian Stocks
[Asia Economy New York=Special Correspondent Joselgina] The New York Stock Exchange (NYSE) and Nasdaq temporarily suspended trading of Russian companies' stocks listed on their exchanges on the 28th (local time).
Major foreign media outlets reported, citing sources, that these exchanges made the decision while reviewing the repercussions amid ongoing Western countries' economic sanctions against Russia following its invasion of Ukraine.
Nasdaq halted trading of Russian stocks including Nexter, Headhunter Group, Ozon Holdings, Kiwi, and Yandex. On the NYSE, trading of Sayan PLC, Mechel PAO, Mobil, and Telesystem PAO has been suspended.
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Additionally, the OTC Market Group, which provides price information for about 10,000 unlisted stocks, announced it is reviewing regulatory information related to sanctions against Russia and their effects. The U.S. Depository Trust & Clearing Corporation (DTCC) also confirmed it is assessing the potential impact of financial sanctions against Russia.
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