WIG20 takes a bitter hit
Warsaw's Stock Exchange WIG20 index has fallen as much as 8.45 percent reaching 1700 points, as of 2:30 pm, the worst trading this year. The hardest hit on the market are developers and financial institutions.
The negative market news can also be seen on other European blue chip indexes, with the Russian index falling below 12 percent. Meanwhile, German DAX gained around 1 percent followed by French CAC40, which also rose around 0.8 percent.
Bank Pekao
SA has been the hardest hit falling 10 percent followed by developer GTC, who also
lost over 8 percent.
