WSE falls sharply amid uncertainty over the reaction of US markets

Companies listed on the Warsaw Stock Exchange (WSE) suffered significant losses on Friday, amid uncertainty about how the US markets would react when trade resumes today. The TechWIG has lost as much as 13.3% of its value since Tuesday's terrorist attack on the US, with 6% wiped off share prices on Friday alone. Meanwhile, the WIG20 index, formed by the twenty largest companies listed on the WSE, has lost 9.11% of its value, 4.5% on Friday. Turnover was just zl.178 million on Friday, with only seventeen stocks improving, against 78 that declined in value. Polish analysts are fearful of the impact events on the US markets might have on the WSE. "Many foreign investors have left the market and we also lack inflows. I am afraid that the index's August fall can deepen even further. It is difficult to find factors that would draw foreign investors to the Polish market," says Bank Handlowy analyst Slawomir Debowski. (Puls Biznesu, p. 16; Parkiet, p. 1) A.K.