Ukraine Peace Doubts Undermine Once-in-Generation Stock Rally
Increasingly unclear prospects for peace in Ukraine threaten to zap this year's massive stock rallies across Eastern Europe, fueled by expectations for a quick resolution to the three-year conflict.
Warsaw, the region's biggest capital hub, is seeing its best start-of-year performance in a quarter century, with the WIG20 index rising 24% in dollar terms, trailing only Colombia's MSCI Colcap among global equity gauges tracked by Bloomberg. Prague's PX and Budapest's BUX are both up 14% in 2025.
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