Wednesday, May 23, 2007

Russian Stocks Fall, Led by Gazprom on IPOs, Lugovoi Extradition Concerns

(Bloomberg) -- Russian stocks fell after the country
said it won't extradite a murder suspect to Britain, raising
concern that increasing political tensions will discourage
foreign investment.

OAO Gazprom and OAO Unified Energy System led today's
decline. Russia's equity market has also been hurt as initial
public offerings drained investors' cash, according to traders.


Read more at Bloomberg Emerging Markets News

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