The Prague Stock Exchange reached a new all-time high on Monday, buoyed by investor optimism following an interim trade agreement between the United States and China. The PX index rose 1.04 percent to close at 2,168.26 points, according to official data from the exchange website.
“Today’s positive mood of investors, brought about by the agreement between the USA and China on the reduction of tariffs, also benefited the Prague Stock Exchange,” said Vladimír Vávra, a broker at Wood & Company, as cited by Echo24.
Trading volume was robust, totaling approximately CZK 885 million (€35.4 million) — well above average for the local market. More than two-thirds of that activity was concentrated in banking sector stocks, which led the gains.
Erste Bank posted the strongest performance of the day, rising 3.06 percent to CZK 1,799.50. Komerční banka followed with a 1.91 percent gain to CZK 1,065. Moneta Money Bank also advanced by 1.54 percent to CZK 145.20.
In contrast, shares in energy giant ČEZ declined 0.92 percent to CZK 1,180. The drop came amid news that the European Commission has asked that Czechia delay signing a contract for two new nuclear reactors at the Dukovany power plant. The Commission is currently reviewing whether the selected bidder, South Korea’s KHNP, received foreign subsidies that could distort the EU’s internal market.
Some Czech officials, however, believe the move is motivated by the fact that the competing French company lost the bid.
Elsewhere in the financial landscape, the Czech koruna weakened against both the euro and the U.S. dollar. By late afternoon, it stood at CZK 24.99/EUR, down two hellers from Friday, and at CZK 22.49/USD, its weakest level in roughly a month, having lost 34 hellers. This data was reported by Patria Online around 17:00.
The rally in Prague mirrored a broader global market upswing. On Wall Street, U.S. indices posted strong gains as investor sentiment improved following the tariff truce between Washington and Beijing. The Dow Jones Industrial Average surged 2.81 percent to 42,410.10 points. The S&P 500 climbed 3.26 percent to 5,844.19, while the Nasdaq Composite jumped 4.35 percent to close at 18,708.34.
As part of the 90-day interim agreement, the United States agreed to reduce newly imposed tariffs on Chinese imports from 145 percent to 30 percent. In return, China will lower its tariffs on American imports from 125 percent to 10 percent.
The deal aims to provide a temporary reprieve from the ongoing trade tensions, with both countries committing to further negotiations during the three-month window.
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