Sunday, October 12, 2008

Writing History In The Czech Republic

The Czech Republic's PX Index posted its steepest drop on record on Friday. Erste Group Bank AG, Austria's largest publicly traded lender, and developer Orco Property Group SA sank the most since their shares were listed on the exchange, which had to suspend trading in four of the 14 listed companies during trading hours. "Today has written itself into history," said Miroslav Adamkovic, an equity analyst at Komercni Banka AS in Prague.

Obviously all of this is significant and important, and I will try and write something more substantial as and when time permits.

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