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One of World's Worst: Russia Tanks 72%
By: Reuters | 31 Dec 2008 | 07:06 AM ET
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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.

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