Warsaw Stock Exchange suspends trading
The Warsaw Stock Exchange (GPW) temporarily suspended trading on Monday due to concerns over the safety of transactions.
Polish Prime Minister Donald Tusk (front) in an archival photo inside the Warsaw Stock Exchange (GPW) building in the capital of Poland. Photo: PAP/Radek Pietruszka
The Warsaw Stock Exchange (GPW) in Poland halted trading at 3:15 PM local time. From 4:15 PM, there will be a 15-minute order acceptance phase, and continuous trading is expected to resume at 4:30 PM. The exchange will close for the day at 5:00 PM local time.
Earlier, the Warsaw market experienced significant drops in stock prices due to the imposition of tariffs by the United States.
On Monday morning, the Warsaw Stock Exchange (GPW) announced „Exceptional Market Conditions” due to unusual volatility, which triggered volatility mechanisms for most financial instruments.
As previously reported by Radio Poland, Prime Minister Donald Tusk addressed the global market turmoil through social media.
According to the head of the Polish government, „the reaction to the trade war was predictable.” Donald Tusk wrote on X (formerly Twitter) that „the stock market turmoil, from Japan through Europe to America, must be weathered without hasty decisions.”
In Tusk’s opinion, „The Polish stock market was also affected, but our political and economic stability are our strengths in these challenging times.” „We will endure calmly!” the politician assured.
(m p)
Source: IAR/PAP/PR24/X/@PR24_pl
