2024-08-31 13:13:54 +0300
Polish Stocks Turn World’s Worst in 2022 on European Energy Woes
After a selloff in August, Polish stocks are the world’s worst equity performers this year, highlighting their vulnerability to Europe’s energy crisis as well as fears of more government intervention.
Warsaw’s WIG20 index is heading for an 11% decline in August, the biggest drop among 92 major global equity gauges tracked by Bloomberg. Polish stocks have sunk 32% this year, on track for their worst showing since the 2008 crisis, and are trading at the lowest valuations relative to peers in history.
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