OREANDA-NEWS. November 22, 2011. Concorde Capital released daily Ukrainian market view:

Ukraine’s equity market was one of the worst performing in Europe on Monday, with the UX dropping 6.0%, more than other regional and EM indices (MSCI EM -2.6%, RTS -4.7%, WIG-20 -2.6%). All stocks in the UX index basket finished deep in the red. Several names posted double-digit losses: Yasynivsky Coke (YASK UK) -12.4%, Yenakiieve Steel (ENMZ UK) -11.8%, Stirol (STIR UK) -11.8% and UniCredit Bank Ukraine (USCB UK) -10.2%.

U.S. indices (S&P 500 -1.9%, Dow -2.1%) sank Monday as American lawmakers failed to reach an agreement to cut the American deficit and Standard & Poor's said it would not downgrade the U.S. government's sovereign credit rating. Asian stock markets are mixed this morning (Nikkei -0.4%, Hang Seng +0.03%). We expect the Ukrainian stock market to open slightly higher on Tuesday following the sharp sell-off yesterday.