Wednesday, October 8, 2008

Romania Halts Trading amid Stocks Plunge

BalkanInsight.com

08 October 2008
Bucharest _ Romania’s Stock Exchange suspended trading on Wednesday morning following double-digit drops in major indices.

The BVB index fell almost 15 percent due to growing panic in the markets over the fears on the health of the global economy.

“The market suffered the worst day in its history. The main reason for the fall was the collapse of world markets and the total lack of buyers," says Razvan Pasol, President of Intercapital Invest, a local investment company.

This is the first time Romania’s Stock Exchange has frozen its work.

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