Most indices in the region and Western Europe were down by close to 2% around midday on Tuesday.
In Budapest, OTP Bank lost 2.55% to HUF 11,090, and oil and gas company MOL slipped 2.97% to HUF 2,940.
Drugmaker Richter dropped 1.72% to HUF 6,290 early in the day, recovering to HUF 6,335 by noon, while Magyar Telekom fell 0.65% to HUF 461 by midday.
The BUX index finished Monday down 0.46%.