Yandex quotes plunge over 10% on foreign cap bill, data leak

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 eased 0.28% on Thursday to U.S. $35.56.

(64.7416 rubles – U.S. $1)

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