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MOSCOW, Oct 11 (PRIME) -- Common shares of Internet company Yandex lost 10.06% to 2,093 rubles as of 3.25 p.m. Moscow time due to a bill to limit foreign capital in significant information resources to 20% and a leak of personal data of its service, Yandex.Money, Freedom Finance analyst Yevgeny Mironyuk told PRIME on Friday.
“Market players also assess negatively a projected bill on significant resources limiting influence of foreigners in companies. It will mainly affect Yandex and Mail.ru,” he said.
Yandex’s receipts on the Nasdaq nosedived 12.50% to U.S. $31.12 as of 4.48 p.m. Moscow time.
(64.7416 rubles – U.S. $1)
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