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Rusal shares fall on launch

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Rusal shares fall on launch

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Shares in Russian Aluminium group Rusal have fallen heavily on their launch on the Hong Kong stock exchange.

The 2.2 billion dollar IPO was undermined by concerns over debt levels. There were also worries over litigation being faced by chief executive officer Oleg Deripaska.

Shares plummeted by 9 per cent in the context of a broad market slump across Asia.