R is for revolution, roubles and risk
Article Abstract:
Russia saw a rise in stock prices to a peak in Oct 1997, but stock prices had fallen by 30% between Oct 1997 and the end of Jan 1998. This was partly due to the Asian financial crisis which led investors to be wary of emerging markets. There is also concern about the political situation, the impact of a drop in petroleum prices, and Russia's problems in collecting taxes. Investors should be cautious due to the risks involved in investing in any emerging market, though there may also be rewards.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Roller-coaster
Article Abstract:
John-Paul Smith from Morgan Stanley is wary of Russian equities. Russian equities had risen above fair values prior to the Asian financial crisis. There is no certainty that Russian stock prices will recover if Asian markets revive. The new finance minister is not optimistic about Russian economic growth in 1998. Economic reform is likely to be slow. Investors should choose companies which abide by International Accounting Standards practices for their publications of financial data.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
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