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JPMorgan Russian for bet on volatile market

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Many investors focus on China and India as the two most exciting emerging markets but for gut-wrenching excitement Russia is hard to beat.

Since the Russian economy emerged from nearly a century of deep-freeze under communism in the middle 1990s, the local stock market - with an index priced in US dollars - has been either plummeting or soaring.

There is no sign that the future is going to be any more tranquil.

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