Prague bourse extends this year’s loss to over 10 pct
The Prague bourse fell further today and the loss accumulated since the beginning of this year already exceeds 10 percent, as the PX index shed 1.9 percent to 1,620.2 points, its lowest close since March 6, 2007, the bourse said.
The biggest loser, Erste, dropped 4.44 percent to Kc1,075. developer ECM lost 2.98 percent to Kc846.5 and Telefonica O2 put off 2.43 percent to Kc518.
Negative news from the USA has raised the concern of financial markets about possible recession in that country, sent the price of crude oil sharply down and also weakened the dollar.
(Czech News Agency)
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