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Kazakhstan’s bonds, stocks bounce after crackdown on unrest

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Stock Markets25 minutes ago (Jan 07, 2022 04:45AM ET)

Kazakhstan's bonds, stocks bounce after crackdown on unrest © Reuters.

LONDON (Reuters) – Kazakhstan’s bonds recovered as much as 1.2 cents and London-listed shares of the country’s top uranium producer Kazatomprom bounced 4% on Friday, as authorities cracked down on unrest in the tightly-controlled former-Soviet state.

One of the government’s main dollar-denominated bonds, which is due for repayment in 2045, recouped as much as 1.2 cents of 7 cents it had lost since the start of the year, while Kazatomprom’s shares rose back to levels roughly where they started the year.

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