Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Dec. 16, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency.
Russia's War Against Ukraine
Reuters: Ruble jumps on Russia rate hike, oil pressured
A woman walks past a board listing foreign currency rates against the ruble outside an exchange office in central Moscow on Dec. 12, 2014.
