“Moscow is trying to save the last thing that can be saved,” says Ulrich Ehricke, who heads the Institute for European Economic Law at the University of Cologne. “The stock market is being put into an artificial coma to calm the situation.” In view of the massive fall in Russian share prices abroad, economic sanctions against Russia and the country’s increasing isolation, this approach is probably the only financial solution from a Russian perspective.
Stock exchange closures serve to “give market participants time to obtain information and to assess the situation properly,” explains Dörte Poelzig, professor of commercial law at the University of Hamburg. So “trade should go back to normal”. Because the effects of a war or a crisis would be more difficult to assess immediately. In principle, such interventions in stock exchange trading can be triggered by extreme events, panicked behavior on the part of investors or, in individual cases, by the activities of individual companies.
Also read: War, horrendous inflation and new economic risks are depressing the Dax. Possibly even the sell-off on the world stock exchanges is imminent.