Steelmaker and coal producer stocks fell after Putin’s comments.
Market Vectors Russia (RSX) is trading down sharply this morning. Russia had enjoyed a nice ride earlier this year, thanks in large part to oil prices. The ETF was one of the top-performing funds for the month of May.
Earlier this year, we noted Russia’s strong potential could lift it into heavy-player territory. Will it rise above this bump in the road?
Year-to-date, it’s down 10.2%.