Russia's Stock Index Jumps Nearly 30% On Friday, After 50% Crash Previously

Russia's Moscow Exchange spiked nearly 30% on Friday after slumping as much as 50% in the previous session once trading resumed.

Russia's Moscow Exchange spiked nearly 30% on Friday after slumping as much as 50% in the previous session once trading resumed after a nearly two-hour suspension amid the Ukraine conflict.

While Russia has unleashed a full-scale ground invasion and air assault on Ukraine, tracking Wall Street's surprising reversal overnight, global stock markets rebounded on Friday as investors weighed the longer-term impact of harsh Western sanctions against Russia.

Investors' risk appetite increased, weighing on the dollar and safe-haven assets, while oil pared gains.

That comes a day after a resounding rout in financial markets following Russia's military invasion of Ukraine, which led to the Moscow exchange suspending trading for nearly two hours.