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

Aug. 1 (Bloomberg) -- 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