Yesterday, near-9 percent dive in China shares sent world stocks and commodity prices tumbling. Shares fell sharply on the Warsaw Stock Exchange as the first effects of the crisis in China made its way to Europe. In the afternoon the WIG20 was down 5.5 percent , the WIG40 down 5.8 percent and the WIG80 down by 6.3 percent. One of Poland’s worst hit companies was KGHM, down 12.76 percent, at one point down 16 percent. The firm is one of the world’s leading copper producers, and with the Chinese economy slowing, demand and hence also prices for copper, amongst other commodities, is falling. The coal miner Bogdanka fell 29 percent.
The stocks of the most world’s stock-exchanges has been slightly rising since morning today. Polish Wig and Wig20 rise also and at 11 a.m. are: WIG- 50.610, WIG20-2.075.
reuters.pl
thenews.pl
