Russia GDRs fall 10 pct in London
LONDON, Oct 10 (Reuters) - Russian depositary receipts (GDRs) traded on the London Stock Exchange (LSE.L) fell about 10 percent on Friday after Russian stock exchanges suspended trade.
The Federal Financial Markets Service of Russia on Friday ordered the MICEX and RTS exchanges to suspend trading until further notice, amid a continued rout of global equities.
In London, at 1110 GMT, the FTSE Russia IOB index .FTRIOB, which contains some of the most liquid Russian GDRs, was down 10.34 percent, as investors continued to flee emerging market risk.
The biggest fallers were AFK Sistema (SSAq.L) and Rosneft (ROSNq.L), which lost 16.79 percent and 13.37 percent respectively.
The Russian financial market regulator has suspended markets several times in recent weeks in an attempt to contain big market price movements.
Elsewhere, the Croatia bourse suspended trade in 40 stocks after the CROBEX index .CRBEX fell 12.95 percent -- a two-year low.
In Vienna, Austrian financial watchdog FMA authorised stock market operator Wiener Boerse to halt trade in securities if they change by more than 10 percent, and to ban short-selling. Trade was suspended on the exchange until 1000 GMT.
In the Czech Republic, the Prague Stock Exchange suspended trade in Central European Media Enterprises (CETVsp.PR)(CETV.O) after the counter dropped more than 20 percent from its opening levels. (Reporting by Daisy Ku; editing by Simon Jessop)
