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

by Reuters
Friday, 14 March 2014 07:04 GMT

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.

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