Trade
Tusk Urges ‘No Nervous Decisions’ in Warsaw as Markets Plummet
Donald Tusk
Photographer: Wojtek Radwanski/AFP/Getty ImagesPolish investors should avoid making “nervous decisions” amid a rout in global markets as Warsaw stocks are backed by “political and economic stability,” Prime Minister Donald Tusk said.
The country’s WIG20 index fell as much as 7% on Monday before recovering some losses to trade 3.4% lower as of 10:50 a.m. in Warsaw. In the past three sessions, the gauge has lost 15%, a steepest selloff since Russia’s full-scale invasion of neighboring Ukraine three years ago.