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Russia’s stock market jumps after being closed for a month

Yahoo Finance Video

Yahoo Finance Live's Julie Hyman breaks down how MOEX, Russia's stock market, performed in its first limited trading session in nearly a month.

Video transcript

JULIE HYMAN: The Russian stock market opened today for the first time in the month of March. And it actually rose on the day. There might be a couple of reasons behind that. The country has taken various measures in order to try and shore up its equity markets. It's prevented foreigners from selling local shares. It has also banned short selling, and that's because when we saw Russia invade Ukraine, the Russian stock market fell 33% on that first day of the invasion. Then we saw the Russian market closed for almost a month and now just reopening. So we'll be following that in the coming days.