Ukrainian stocks lost ground on Tuesday (Oct 1), moving against the positive trend seen on US and European bourses, where traders saw the “bad news” story of the US government shutdown as possibly prompting the Federal Reserve to continue its market-boosting monetary stimulus longer than previously expected. The UX index fell 1.1% to end at 839 points. Alchevsk Steel (ALMK) corrected by 2.1% after several days of gains, and the recently-volatile index lightweight UkrSotsBank (USCB) shed 5.8%. Azovstal (AZST), CentrEnergo (CEEN) and Yenakievo Steel (ENMZ) lost around 1% each, and Motor Sich (MSICH) slipped 0.8% to UAH 1603. In second-tier issues, Krukiv Wagon (KVBZ) and Pokrovske Mine (SHCHZ) slid by 5.5% and 6.3% respectively. In London, Ferrexpo (FXPO) continued what has thus far been a rather quiet autumn, edging down 0.7% to GBp 176.
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