Trump's tariff announcement results in Budapest stock exchange index fall - DailyNewsHungary

The General Index has lost at least 6% in the last two days - - 1,600 points are under threat - Turnover is at high levels due to mass sales - Dips in the European markets as well

The stock exchanges in Asia and Europe expanded their losses on Friday following the decision by U.S. President Donald Trump to introduce new tariffs that make them fear a large-scale trade war at risk of recession and inflation.In Asia investors continued to sell their shares en masse. Tokyo closed with losses of 2.75% and car giants were the most punished, such as Toyota, which lost more than 4%, and Nissan and Honda, which sank more than 5%.W…

Stock prices are falling worldwide – even in the US, although the White House promises a "golden age". Adidas and Puma suffer most.

The Budapest Stock Exchange closed with a huge drop on Friday, according to the analyst, the last time the BUX had a similar movement was in February 2022. The Budapest Stock Exchange's stock index, the BUX, closed at 4196.68 ... ...

In Europe, the main stock markets opened to fall by more than one percentage point, the day after the sharp devaluation suffered in the North American indices.

Trump's tariff announcement results in Budapest stock exchange index fall - DailyNewsHungary

The Budapest Stock Exchange’s main BUX index was down 1.92pc at 88,004.33 about 15 minutes after the opening bell on Thursday, falling with other equities indices after the announcement of United States tariffs. OTP dropped 2.71pc to HUF 24,420. The lender’s board announced a proposal to pay a HUF 964-per-share dividend on 2024 earnings ahead of the start of trade. Oil and gas company MOL fell 1.44pc to HUF 3,018 and pharma share Richter slipped…