Stocks of Russian utilities, steelmakers, banks fall sharply on Friday

MOSCOW, March 14 Fri Mar 14, 2014 3:04am EDT

MOSCOW, March 14 (Reuters) - Stocks in Russian utilities, steelmakers and banks fell sharply on Friday, two days before Crimea holds a referendum to vote on joining Russia.

The benchmark MICEX stock index fell 3.40 percent, also hit by slowing growth in China which hurt risk-appetite. Sberbank, Russia's largest bank and top blue chip, lost around 6 percent.