(Reuters) – Poland’s Warsaw Stock Exchange said on Monday it has suspended trading on all markets from 1315 GMT to 1415 GMT due to “security of trading”.
The Warsaw bourse’s blue-chip WIG20 index, which plunged as much as 7% on Monday, was down 2% prior to the suspension, which came about 15 minutes before the start of U.S. trading session.
The exchange said trading will resume from 1430 GMT, and that the trading session will not be extended due to the halt.
“The reasoning is very simple: simply due to trading safety. We see what’s happening in the world, we saw what happened on Friday.”, Warsaw Stock Exchange press office said.
“Today’s market opening was also at very significant negatives, then it calmed down, but due to trading safety (…) the session chairman decided on such a step,” it added.
On April 3, the WIG20 index closed 4.1% lower, while on April 4 it fell further 6.4% lower.
(Reporting by Marta Maciag and Rafal Nowak; Editing by Tomasz Janowski)
