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. Last Updated: 07/27/2016

Czech Crown Rebound

PRAGUE () -- Czech capital markets, hit hard by investor jitters after an inconclusive parliamentary vote at the weekend, rebounded Wednesday as selling pressure eased despite the lack of a political solution.


The official PX 50 stock index erased a large portion of the earlier losses, closing up 1.69 percent at 540.04, while bond prices also steadied after losing about 30-40 basis points.


The Czech crown had recovered all of its losses by Wednesday, analysts said, pushing it back to Friday's pre-election levels.