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Czech News in English » Business » Avast plunge exposes frailty of Prague's dormant stock market

Avast plunge exposes frailty of Prague’s dormant stock market

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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.

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