- Sony Swings to Q3 Operating Loss as Demand Wilts
- Nippon Steel Cuts Outlook, Hurt by Auto Woes
- Japan Fund Managers Cut Stock Weightings, Shun Europe
- DBS Says CEO Has Leukemia, on Medical Leave
- Japan Retail Sales Post Biggest Drop in 4 Years
- Obama Wins House Passage of Economic Stimulus
- New Zealand Rates Fall to Record Low, More Cuts Seen
- Asia Climbs on US Stimulus Hopes, Hong Kong Gains 5%
- Obama's Stimulus Package Passes Vote in House
- Lightning Round: Apple, Research in Motion, Goldman Sachs and More
- Lightning Round OT: Nordic American, Cogent and More
- Who Are the Real Protectionists?
- Playing Offense as Well as Defense
- Cramer: Two Banks That Don't Need Obama's Help
- Your First Move For Thursday January 29th
- Web Extra: Boeing-Boeing
- ‘You Could Learn A Thing Or Two’ Trade
- Chartology: The Gold Trade
One of World's Worst: Russia Tanks 72%
Topics:Eastern Europe | Energy | Developing Markets | Market Outlook | Stock Picks | Stock Options | Stock Market | Russia
Sectors:Oil and Gas
Russia's benchmark RTS share index lost 72.4 percent in 2008, ranking it among the world's worst performing markets in one of the worst years ever for global stock markets.
It underperformed the MSCI Emerging Markets index by nearly 40 percent, according to Reuters data. The index underperformed its peers in the Brazil-Russia-India-China (BRIC) quartet of major emerging markets by 26-30 percent.
The index ended the day up 1.03 percent at 631.89 points, around 80 points above its year low of 549.06. It was not, however, Russia's worst annual percentage loss.
In 1998, the year Russia's public finances melted down and the rouble was devalued, the RTS lost 85 percent.
Copyright 2009 Reuters. Click for restrictions.
MORE FROM CNBC





