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Russia ETFs Reel From Crumbling Ruble, Rate Hikes

FYI: The ruble crumbling to rubble, investors in Russia ETFs are fleeing the dust.

The country's stocks nose-dived Tuesday after a massive interest-rate hike failed to prop up the currency, leading to worries about capital controls, as reported by IBD.

The losses exacerbate Russia's market performance woes: its stock market and currency have fallen more than 55% and 47%, respectively, in 2014.
Regards,
Ted
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