"Wednesday, August 27, 2008
Russian Stocks Fall For Fourth Day, Turkish Companies Hit
Russia's Micex Index fell for a fourth day on Wednesday, on concern that the government's decision to recognize Georgia's breakaway regions will deepen a rift with the West and shake investor confidence. OAO Sberbank, Russia's biggest bank, reached its lowest level in almost two years amid speculation losses in the value of its government ruble-denominated bonds will erode its capital."
More:Russia Economy Watch: Russian Stocks Fall For Fourth Day, Turkish Companies Hit