NYSE, Nasdaq halt buying and selling in stocks of Russia-centered providers

NEW YORK, Feb 28 (Reuters) – (This February 28 tale corrected to make apparent that Nexters is primarily based in Cyprus in 3rd paragraph)

Nasdaq Inc (NDAQ.O) and Intercontinental Trade Inc’s (ICE.N) NYSE have briefly halted investing in the stocks of Russia-based providers shown on their exchanges, their sites confirmed.

The halts have been thanks to regulatory problems as the exchanges request far more facts subsequent financial sanctions imposed on Russia mainly because of its invasion of Ukraine, people today common with the matter stated.

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The Nasdaq-detailed stocks halted are: HeadHunter Group PLC (HHR.O), Ozon Holdings PLC (OZON.O), Qiwi PLC (QIWI.O) and Yandex (YNDX.O). Nasdaq also halted Nexters Inc , which is based in Cyprus.

Investing halts for disclosure of content information on Nasdaq are instituted to ensure that “materials data is reasonably and sufficiently disseminated to the investing general public and the market, and to offer investors with the option to appraise the information and facts in earning financial investment selections,” according to the exchange’s rulebook.

The NYSE-listed stocks halted had been Cian PLC (CIAN.N), Mechel PAO and Cell TeleSystems PAO .

NYSE-operator ICE also explained it would not add any new credit card debt issuances from sanctioned Russian entities to its fixed income indices, and that affected current debt would be eradicated on March 31.

Separately, OTC Marketplaces Team (OTCM.PK), which presents value facts for additional than 12,000 over-the-counter securities, said it was searching for regulatory information and facts concerning the sanctions on Russia and their impression on the investing of Russian American depository receipts.

“OTC Markets Group is checking and doing work with Federal regulators and will act in accordance with their direction and directives as info gets obtainable,” the New York-based business reported in an emailed assertion.

The Depository Have faith in and Clearing Corporation, an sector-owned business that procedures almost all U.S. securities transactions, also reported it was evaluating the probable impression of the Russia sanctions on the financial program and volatility.

“We are intently observing the problem in Ukraine and are dedicated to shielding current market security and giving certainty to our purchasers and the broader business,” a spokesperson for the team claimed.

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Reporting by John McCrank
Modifying by Chizu Nomiyama, Will Dunham, Tomasz Janowski and Leslie Adler

Our Standards: The Thomson Reuters Rely on Ideas.

Simonne Stigall

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