Yandex -5.2%, Qiwi -6% as Europe falls on Greek default fears

|By:, SA News Editor

Yandex (NASDAQ:YNDX) and QIWI are posting large declines as European indices post 3%+ drops amid fears Greece is nearing default, and the dollar rises 1.4% against the ruble to 55.5. Russia's MICEX Index fell a modest 0.6%; the Nasdaq is down 1.5%.

Yandex is now barely a dollar above a March low of $13.90, after having rallied as high as $21.36 in April (before its Q1 numbers came out). Qiwi, aided by a Q1 beat and a well-received acquisition, remains up 49% from a February low of $18.70.

Subscribe for full text news in your inbox