Hungarian Shares Tumble Most in Two Weeks on U.S. Manufacturing

Hungary’s benchmark stock tumbled the most in two weeks, extending its decline after a gauge of U.S. manufacturing trailed economists’ forecasts, raising concern the recovery in the world’s largest economy will slow.

The BUX equity gauge slid 2.2 percent to 21,133.02 by the 5:06 p.m. close in Budapest, its biggest one-day retreat since July 18. Mol Nyrt., Hungary’s largest oil company, declined 2 percent and OTP Bank Nyrt., the biggest lender, lost 3.7 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.