Trading on Prague bourse falls by almost 15 percent

Trading on the Prague bourse fell by a record 14.94 percent on Friday, reflecting the continuing turmoil on the global stock markets. The day’s losses are the worst since the bourse was founded in 1993. A day earlier, shares on Wall Street dropped to a five-year low, while the Tokyo Stock Exchange was also hard hit. The biggest losers on Friday on the Prague bourse were CME, owners of commercial broadcaster TV Nova, whose shares fell by 29.25 percent. Others hard hit were ECM developers and the Erste Bank Group, the owner of the Czech bank Česká spořitelna.