Saturday, 11 July 2020

Avast plunge exposes frailty of Prague's dormant stock market

Bloomberg |
4 February 2020

The Czech stock market just had its worst week in years, and it's mainly because of a company that didn't even plan to be traded there. A privacy scandal at Avast Plc wiped out more than a fifth of the Prague-based software maker's value last week, dragging the PX Index of 12 stocks down 6.2%. That was the worst slump among benchmarks worldwide after Hong Kong.