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Warsaw Stock Exchange briefly suspends trading amid US tariff chaos

07.04.2025 17:30
The Warsaw Stock Exchange temporarily suspended trading on Monday amid concerns over the safety of transactions following the announcement of sweeping new global tariffs by US President Donald Trump.
Photo:
Photo:PAP/Radek Pietruszka

The WSE halted trading from 3:15 p.m. to 4:15 p.m. local time before closing at 5 p.m.

Earlier, the Warsaw market experienced significant drops in stock prices due to the imposition of tariffs by the United States.

In the morning, the WSE announced "exceptional market conditions" due to unusual price instability, which triggered volatility mechanisms for most financial instruments.

At the close of Monday's session on the Warsaw Stock Exchange, its two main indices, WIG20 and WIG, declined by nearly 1.5 percent, state news agency PAP reported.

PM responds to global market turmoil

Polish Prime Minister Donald Tusk on Monday addressed the global market turmoil on social media.

"The reaction to the trade war was predictable," Tusk said on X, adding that "the stock market turmoil, from Japan to Europe to America, must be weathered without hasty decisions."

He wrote that the Polish stock market was also affected, "but political and economic stability are our strengths in these challenging times."

"We will endure this one," he declared.

(mp/gs)

Source: IAR/PAP/PR24/X/@PR24_pl

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