WSE follows world bourses' lead, nose-dives to market cap losses of $1 bn

The Warsaw Stock Exchange (WSE) WIG index fell 4.4% yesterday and the bourse's market cap shrank by more than $1 billion, as investors rushed to sell their IT stocks following a dive on stock markets around the world, particularly the Nasdaq, which descended to below the 2,000 point for the first time in over two years. The TechWIG index of IT and telecom stocks plunged 7.4%, while the blue-chip WIG-20 index dropped 4.9%, reaching an 18-month low. One of the biggest losers was Poland's sole publicly traded Internet portal, Interia.pl, which plummeted 15.7% yesterday, or almost 60% since its debut a little over a month ago. (Parkiet, p.1, Puls Biznesu, p.27) T.J.