Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Asian Stocks Mixed as Korean Chipmakers Rally 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Gold Prices Rise as Yen Rally Weakens Dollar 
UK House Prices Fall for First Time Since 2023 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
Japan, U.S. Stay Aligned on Yen as Currency Surges 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Inflation Accelerates in August as CPI, PPI Rise 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
South Korea GDP Surges on Chip and AI Boom 
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Russian stocks closed lower on Saturday, with the MOEX Russia Index dropping 2.71%, marking a one-month low. The decline was led by sharp losses in the oil, gas, telecom, and mining sectors, reflecting broader market weakness amid falling commodity prices.
Despite the bearish trend, a few stocks managed to post gains. PhosAgro PJSC (MCX:PHOR) rose 1.80% to 5,932.00, supported by investor interest in the fertilizer producer. PIK SHb PJSC (MCX:PIKK) added 1.46%, ending at 501.00, while Magnit PJSC (MCX:MGNT) climbed 1.23% to close at 4,470.00.
However, losses outweighed gains on the Moscow Stock Exchange, with 48 stocks declining compared to 29 gainers. The session’s biggest loser was ADS Ozon Holdings PLC (MCX:OZONDR), plunging 6.30% to 3,486.50. TATNEFT (MCX:TATN) dropped 1.63% to 608.10, and national airline Aeroflot (MCX:AFLT) slipped 1.35% to 65.56.
Volatility eased slightly, with the Russian Volatility Index (RVI) down 0.58% to 49.43, signaling reduced market uncertainty despite the sharp index drop.
Commodity markets also faced heavy selling. Gold futures for June delivery declined 2.76% to $3,035.40 per troy ounce. Crude oil for May delivery plunged 7.41% to $61.99 per barrel, while Brent crude for June shed 6.50% to $65.58.
In currency markets, the US dollar gained ground against the ruble, with USD/RUB rising 0.47% to 84.50. EUR/RUB edged lower by 0.39% to 92.57. Meanwhile, the US Dollar Index rose 0.95% to 102.77, reflecting overall greenback strength.
