Stock exchange slump continues

Prices on the Prague Stock Exchange slumped on Friday, pulling the headline index down by 10.20 percent to a four-year low of 842.8 points while other European equities gained ground in volatile trade. Coal miner NWR led the decline, shedding 20.58 percent. Czech bank Komerční banka, controlled by Societe Generale, fell by 17.75 percent, forcing the market to suspend trading at one point, while Austria's Erste Bank lost 15.16 percent.

Author: Jan Velinger