WSE takes it on the chin in wake of U.S. markets' continued free fall

The Warsaw Stock Exchange (WSE) fell to a new two-year low on Wednesday after heavy losses on U.S. markets triggered another round of selling of selected stocks. During the Wednesday session, the large cap WIG20 index was down as much as 3% before closing 1.3% lower at 1,317.3. The index has shed more than a quarter of its value this year alone. The new economy TechWIG dropped 1.2% to another all-time low of 833.2 points. Among those blue-chip titles hardest hit during the session was telecoms and power group Elektrim, which ended down 1.8% at zl.27.2. Given the U.S. markets' woes, many analysts say that the outlook for the domestic market in the mid term doesn't look promising. (Puls Biznesu, p. 2; Reuters) M.T.