Major Russian stock exchange denies bankruptcy reports ...News

The St. Petersburg bourse insists its financial condition is stable The St. Petersburg Exchange (SPB Exchange), Russia's second-largest bourse – which specializes in trading foreign shares – denied reports on Monday that it had filed for bankruptcy, asserting that its financial condition is stable.  Earlier in the day, media outlets reported on arbitration court filings dated November 24, that appeared to show the exchange had filed for bankruptcy. No other details were apparently provided in the documents. The insolvency reports briefly sent the SPB Exchange’s Moscow-listed stocks crashing more than 30% on Monday

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