Hungary lifts immunity of Prime Minister Magyar, two Orban-era ministers

If the immunity lift leads to swift legal resolution—either acquittal, settlement, or conviction with political acceptance—Hungarian assets could stabilize as institutional predictability returns, though the direction would depend heavily on whether the outcome is perceived as justice or political persecution.

Prolonged legal proceedings without clear resolution would likely sustain a low-level governance risk premium on Hungarian sovereign debt and equities, as investors price in ongoing political uncertainty without a decisive catalyst for repricing.

If the immunity lift triggers broader political confrontation, institutional breakdown, or EU sanctions concerns, this would plausibly widen spreads on Hungarian debt and pressure the forint as foreign investors reassess rule-of-law and political stability risks in the country.