"The Russian market will suffer as a last resort»

Foreign Exchange Market Finansy28-02-2007 sharp drop in stock prices in China on Tuesday provoked the collapse of the world's major stock exchanges, is not a sign of a serious crisis - after some time the system comes back into balance. Recent events - it's not a collapse, a correctional movement of the market. It was declared "Pravde.Ru" analyst Rosbank Andrei Stoyanov. "The Chinese market has grown very long time and now went to such levels, where many companies see it as expensive. Accordingly, decreases the desire to buy stocks. Long-term customers is becoming less "- said Stoyanov. According to him, "the Russian market will suffer from these oscillations as a last resort." "This is a buzz, including from Western foundations, which operate on the Russian market. But this is quite a short-term factor, and by domestic investors should see a fairly strong demand, which should stabilize the situation in our home. And if Russia's economic growth continues its current pace and the external environment is favorable enough, the dependence of the Russian market from speculative movements in the foreign markets will decrease ", - says Stoyanov. "Even if the instability continues, the support from domestic demand will keep the Russian market from the sudden movements", - the expert said.