Live updates: Dow tumbles as Russia threatens the West - CNN

The New York Stock Exchange and Nasdaq imposed trading halts Monday on Russian-related companies after Western nations leveled punishing sanctions on Moscow.

The regulatory restrictions stop trading, temporarily, in eight companies in the wake of Russia’s invasion of Ukraine.

Nasdaq announced trading halts for Moscow-based Internet company Yandex, Russian payment firm QIWI, e-commerce platform Ozon and Moscow-based HeadHunter Group. Yandex has lost a staggering 69% of its value so far this year.

The exchange also halted trading in Cyprus-based Nexters, a video game developer with a presence in Russia.

Nasdaq declined to comment on the trading halt, but the exchange referenced a rule designed to ensure that material information is “fairly and adequately disseminated to the investing public.”

A person familiar with the matter told CNN that Nasdaq is asking the companies whether they need to make material disclosures following the economic sanctions against Russia announced in recent days by the United States and other nations. Trading could resume once those concerns are satisfied, the source said.

The NYSE on Monday issued regulatory halts for three companies: Russian mining and steel company Mechel, Moscow-based Mobile TeleSystems and Cian, a Russian online real estate listings platform.

An NYSE spokesperson declined to comment on regulatory matters.

However, a person familiar with the decision told CNN that trading was halted in all three Russian-related companies that trade on the NYSE to give the exchange’s regulatory team time to gather information about the impact of recent events, including the latest round of sanctions on Russia.

None of the companies hit by regulatory halts have been outright delisted.

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