April 10, 2018 / 8:53 AM / a year ago

Kremlin says market slump is emotion-led, will be correction

MOSCOW, April 10 (Reuters) - A slump in the prices of Russian assets after the United States imposed sanctions on a group of Russian tycoons is partly driven by emotion and there will be a correction, Kremlin spokesman Dmitry Peskov said on Tuesday.

Speaking on a regular conference call, Peskov said: “There have indeed been strong negative trends on the market. Partly that is to do with market trends, partly it’s to do with the emotional fallout (from the sanctions). There will subsequently be a correction.” (Reporting by Maria Tsvetkova Writing by Christian Lowe Editing by Alison Williams)

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