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Russia ETF drops after Trump implies possible missile strike in tweet

The biggest exchange-traded fund to trace Russia's fairness marketplace tumbled on Wednesday, following a couple of tweets via U.S. President Donald Trump that indicated growing tensions between the 2 nations. The VanEck Vectors Russia ETF RSX, +1.95% lost 3.1% in premarket trading, transferring on volume of about 255,000 stocks. Trump tweeted that the U.S. courting used to be Russia "is worse now than it has ever been, and that includes the Cold War." The remark adopted a suspected chemical-weapons assault in Syria. On Monday, Trump tweeted that Russia and its president, Vladimir Putin, had been responsible for backing Syrian President Bashar al-Assad, and stated there would be a "big price...to pay." Also on Wednesday, Trump tweeted "Russia vows to shoot down any and all missiles fired at Syria. Get ready Russia, because they will be coming, nice and new and 'smart!'" The U.S. dollar jumped 2.3% against the Russian Ruble USDRUB, +2.2435% and traded at its absolute best degree against the currency since November 2016. The Russia ETF has been beneath heavy pressure of overdue, falling more than 11% so far this week, not including Wednesday's premarket decline. Another Russia ETF, the iShares MSCI Russia ETF ERUS, +Zero.96% has lost 9% so far this week. Futures for the Dow Jones Industrial Average YMH9, +Zero.99% fell 1% on Wednesday while futures for the S&P 500 ESH9, -Zero.74% had been down 1% and Nasdaq-100 futures NQH9, -2.27% lost 1%.