Polish Stocks Slide With Zloty as Pensions Revamp Rattles Market
- Citigroup recommends selling zloty versus euro, targets 4.50
- Government plan is aimed at boosting savings, investments
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On a day when most stocks in emerging markets gained, Poland was a notable exception.
The WIG20, the nation’s main equity gauge, fell as much as 2.7 percent on investor speculation a government plan to dismantle privately owned pension funds will hurt the local market. The zloty was the worst performer among 31 major currencies.