Prague Stock Exchange falls after latest sanctions on Russia

Prices tumbled on the Prague Stock Exchange on Monday morning, evidently in response to the latest sanctions imposed by Western countries on Russia following its invasion of Ukraine. The main PX index had fallen by 3 percent by 10 am.

Shares in banks took the biggest hit, though those in arms maker Česká zbrojovka and internet security firm Avast bucked the trend and increased in price.

Prices fell sharply on Thursday on the day of the Russian attack but rose again the following day.