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Prague Stock Exchange Shares Fall 10% in One Week, Analysts Say with coronavirus

 


New York Stock Exchange, photo: TK / AP / Richard DrewNew York Stock Exchange, photo: TK / AP / Richard Drew

Fluctuations in share prices on the Prague Stock Exchange generally
tenths of a percentile in recent years. However, just last week
saw three days when stocks fell more than 2%.

Analysts point out that heavy falls are part of a
trend and do not see a clear end to financial uncertainty at any time
soon.

We are living in the worst week in the markets since the start of
the global economic crisis in 2008. Over 5,000 billion dollars
disappeared from international markets
, BHS chief economist tpn
Keek wrote last week.

He then warned that Italy could go into recession due to the
coronavirus epidemic, which in turn could drive the highly indebted state
in financial insolvency and a domino effect that would ruin the European market
Economics of unions.

Milan Vanek, analyst at J&T Bank, compared the effects of coronavirus
on the international markets at the end of February with the black swan effect.

Economists warn of the possibility of a recession in Europe.
The stock indexes have undergone a marked correction. More precisely,
The S&P 500 fell 13.7% in one week and the EuroStoxx 600 fell
12.6%. The domestic PX followed this trend on the Western
Markets.

The only shares of the Prague Stock Exchange that experienced growth were
those of the Czech antivirus giant Avast, which increased by 1.72%.

At the same time, the most marked decline was recorded in telecommunications stocks
the operator O2, whose share price fell 5.78%.

Those of the Central European media group CME, whose acquisition by the
Czech billionaire Petr Kellner PPF's investment fund receives green light
light by shareholders last week, experienced the smallest decline of 3.7 percent.

Investors Now Determine Possible Scenarios In Which The Gap
of coronavirus could have other economic effects.

We continue to be very careful before next week and we expect
in particular artificial intelligence could further depress markets
,
Mr Vanek told the Czech news agency.



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