s other main stock exchange

MOSCOW — Rattled by falling oil prices and the war in Georgia, Russia’s stock market has slumped so severely that it now threatens the country’s oil-fueled boom of recent years Women's True Religion Skirts&Shorts jeans outlet, economists say.
The benchmark RTS index has lost 46 percent of its value since its peak in May, representing a paper loss of about $700 billion for Russian companies. Much of that decline has come since the war in Georgia and the subsequent war of words with the United States and Europe that unsettled foreign investors Men's True Religion Straight Leg jeans, who began withdrawing capital.
On Friday the RTS, which peaked in May at 2,487, rebounded slightly Cheap True Religion, rising 3.36 percent to close at 1,342. The country’s other main stock exchange True Religion Jeans Wholesale, the MICEX Women's True Religion Flare jeans, was rose 6 percent on Friday, after weeks of heavy losses.
While initially seen as a problem confined to the Russian stock market, which is volatile in the best of times True Religion Straight Leg jeans, the drop in share prices is now spilling over to the real economy. Companies that had pledged shares as collateral for loans, for example, are now facing margin calls, bankers in Moscow say.
“It’s a classic squeeze,” said Roland Nash Women's True Religion Bootcut, chief strategist for Renaissance Capital in Moscow.
The underlying problem for the Russian stock market is that about 80 percent of the shares are in companies exporting commodities with a history of boom-bust cycles. Additionally, the risk premium for investing in Russia has risen with the war.
It is unclear which problem caused more damage. In one indication that Russian politics lubricated the market slide here Cheap True Religion Jeans, however, investors have pulled nearly $5 billion this year from emerging market funds with a heavy Russia weighting, according to EPFR Global Men's True Religion Bootcut, a company that tracks fund flows. By comparison Women's True Religion Petite, investments in Middle East and African funds, which are also seen as dependent on commodity
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