WIG20 loses 3.6% in first hour of session on Monday
16:14
Global markets are experiencing sharp declines, marking the end of a long bull run. Triggered by the U.S. trade war, sell-offs continued for the third consecutive session, with drops reminiscent of the 2020 pandemic crash. Poland’s WIG20 has fallen 15% from its peak, nearing a technical bear market.
Asian and European markets plunged, with Hong Kong down over 13% and Germany’s DAX off by 6.5%. U.S. indices, including the Nasdaq and S&P500, are entering bear territory. Volatility is surging, with the VIX at 55.5. Gold, oil, and bitcoin also saw declines. Analysts blame U.S. tariffs and predict further losses unless trade tensions ease. Some major banks now forecast a looming recession.
