A rip-roaring economy and cheap valuations will keep Poland’s stock rally on track, according to investors who say the market can overcome wobbles caused by a Russian drone incursion, sputtering negotiations over Ukraine and a looming tax hike on banks.
Warsaw’s WIG20 index soared as much as 38% in the first eight months of the year, as robust growth and domestic demand attracted foreign investors. But the rally has paused as hopes fade for a breakthrough in Ukraine peace talks and after Russian drones in Polish airspace triggered a NATO response.