Polish Stocks Drop to Two-Week Low on China Manufacturing Data

Poland’s WIG20 Index fell to a two-week low as manufacturing contracted in China and the euro area.

The gauge slid 1.2 percent to 2,270.26, the lowest intraday level since March 8, by 11:02 a.m. in Warsaw. KGHM Polska Miedz SA, the country’s sole copper producer, lost 2.2 percent to 144.7 zloty. China is the biggest copper consumer in the world.

A preliminary measure of Chinese manufacturing fell to 48.1 this month, the lowest since November, according to HSBC Holdings Plc and Markit Economics. A result below 50 indicates a contraction.

European services and manufacturing output contracted more than forecast in March. A euro-area composite index based on a survey of purchasing managers in both industries dropped to 48.7 from 49.3 in February, according to Markit. The euro region buys more than half of Polish exports.

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