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Poland's blue-chips slide most in Europe as Russia-Ukraine tensions escalate



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Updates milestones, adds index losers

** Poland's blue-chip index WIG20 .WIG20 slides over 3% to more than 1-year lows and falls the most among regional indices in Europe, amid market concerns over escalating geopolitical tensions

** Vladimir Putin approves an updated nuclear doctrine, saying that Russia could consider using nuclear weapons if it was subject to a conventional missile assault, supported by a nuclear power

** Kyiv said on Tuesday it struck a Russian arsenal near the town of Karachev in the Bryansk region, in what two Ukrainian media outletsreported was a first strike with U.S.-supplied ATACMS missiles

** Geopolitical tensions, especially Russia's revised nuclear doctrine, seem to be weighing on the market, Lukasz Janczak from Erste Group says

** The updated doctrine "essentially lowers the threshold for using nuclear weapons", Piotr Matys, senior FX analyst at In Touch Capital Markets in Poland, says

** By 1200 GMT WIG20 is down 3.2% having fallen as much as 3.6% earlier in the session

** Banks PKO BP PKO.WA and Pekao PEO.WA are leading losses, slipping 4.9% and 4.2%, respectively, followed by refiner Orlen PKN.WA, which is down 4%





Reporting by Marta Maciag and Rafal W. Nowak

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