Russian stock market opens trading with shares up

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Russia's main MICEX and RTS stock exchanges opened trading on Monday with their key indices going up on positive news from Asian trading floors.
MOSCOW, November 10 (RIA Novosti) - Russia's main MICEX and RTS stock exchanges opened trading on Monday with their key indices going up on positive news from Asian trading floors.

Asian stocks showed strong gains on Monday as investors welcomed China's $586 billion stimulus plan to fight the effects of the ongoing global financial crisis and stimulate domestic demand.

As of 10:38 a.m. Moscow time (07:38 GMT), the ruble-denominated MICEX climbed 5.77% from Friday's close to 767.84 points and the dollar-denominated RTS saw its index grow 5.76% to 804.46 points.

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