Loss of Moscow’s Steve Jobs Triggers Yandex Three-Day Selloff
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Yandex NV, Russia’s largest search engine, tumbled for a third day in New York on concern the company will struggle to preserve its lead against Google Inc. following the death of co-founder Ilya Segalovich.
Shares of Yandex, based in The Hague, slumped 1.8 percent to $32.76 yesterday, capping the longest slide in almost two months. Russia’s benchmark Micex Index traded little changed at 3:29 p.m. in Moscow after four days of declines. VTB Group, the nation’s second-biggest bank, slid 1.9 percent in London today.