A terrible situation on the WSE: Investors sell shares Polish companies. The WIG20 index loses about 2.4 percent None of the largest European indexes fall at this pace. Course It is at level 2688, i.e. below the support level of 2700 points. It's really bad. Companies such as: PGE (- 6.8 percent), Budimex (- 4.2 percent), CD Projekt (- 3.4 percent) and KGHM (- 3.12 percent). Guilty of such declines and discounts at Warsaw dawn should be seen overseas.
“Liberation Day” is coming: Investors are preparing for customs, which can come into force on Tuesday (April 2). Donald Trump has been announced for several weeks that it will be the “Liberation Day” of the United States from foreign goods. For now, the only “known” are 25 % duties on cars and small trucks. What other products can include additional fees, what their amount will be, which countries will cover and will they come into force at all? These issues remain unknown for now. – This is what scares the market the most. Inconsistency raises uncertainty, and markets hate uncertainty – notes George Lararias, the main economist of Forvis Mazars.
Everyone is losing: As we mentioned, WIG20 loses the most in Europe, but this does not mean that the indexes of other countries are much better. German DAX weakens at a rate of 1.6 percent. Puma (- 4.4 percent), Infineon (- 4.04 percent) and Hellofresh (- 4 %) pull down especially down. It loses the Italian FTSE MIB (- 1.75 percent) even more clearly. Indexes in Paris and London also record clear declines. However, what is worth emphasizing, it is worse than in Europe in Asia. There The Nikkei 225 Japanese index loses as much as over 4 percent. And Korean Kospi by approx. 3 percent Especially the actions of automotive concerns are falling.
Read also: “Donald Trump dealt with Poland. A strong blow to the economy and key sectors “.