Wall Street Woes Dog Russian Stocks

The aftershocks of Wall Street's turmoil have left few corners of the globe unscathed. Russian stocks have been hit particularly hard, with the RTS index falling more than 11% in a single trading session today. It was the worst one day plunge in Moscow since 1998, prompting a halt in trading. On the heels of the conflict in Georgia and the recent plunge commodity prices, Russian shares have now lost more than 40% of their value over the past three months according to MSCI Barra.