Prague Stock Exchange fell by record 8.46 percent

The Prague Stock Exchange on Monday registered the biggest daily loss since it was established in 1993, with shares falling by a record 8.46 percent. The PX index fell to a three-and-a-half year low of 1,102.9 points. Financial analysts say it is possible that the decline will continue. Markets worldwide retreated sharply on Monday amid concerns that the spreading financial crisis may push the global economy into recession.

Author: Ruth Fraňková