The Russian stock market quickly recovered...

The blasts occurred during the early morning rush hour on Monday on the Sokolnicheskaya line of the Moscow subway, killing at least 39 people and injuring some 70.

The first attack took place at around 8:00am (04:00 GMT) at the Lubyanka station near the former KGB headquarters, which now houses the Federal Security Service. The second bomb detonated some 40 minutes later four stops along the same subway line at Park Kultury station, which is within walking distance of the Kremlin.

The index of the ruble-denominated MICEX opened down 0.2% while the dollar-denominated RTS declined 0.3% in the first minute of trading on Monday, despite favorable conditions on global trading floors.

However, 15 minutes later, both indexes rebounded, with the MICEX gaining 0.02% to 1,416.04 points and the RTS rising 0.01% to 1,519.98 points as of 10:51 a.m. Moscow time (06:51 GMT).

The MICEX index closed 1.74% up from Friday"s close on Monday at 1,440.20 points while the RTS

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