The index Paneuropeo Stoxx 600 fell 2.1% and registered its worst day since August 2024. All regional bags closed the day in red and The German reference index fell 3.5% from the historical maximums achieved on Monday.
The tariffs entered into force early on Tuesday, which frustrated the hopes of being postponed to continue negotiating. The automotive were the most affected, with Stellantis falling 10.2%, BMW losing 5.9%and Ferrari 4.4%. The car and pieces sector fell 5.4%, its largest collapse in a single day since March 2022.
Financial services and banks fell 3.7% and 3.8% respectively, while the decrease in oil prices dragged energy values 4.2% down.
Investors fear that European Union is the next objective, since Trump posted a 25% tariff on cars and other imports from the EU.
The Euro Stoxx Volatility Index reached a maximum of 22.90 points in the day, its highest level since August 2024.
China, beaten with an additional 10%tariff over the existing 10%, took reprisals with a limited tax of 10%-15%.
The luxury values exposed to the country fell, with Hermes, Kering and LVMH falling between 2% and 4%.
The most broad aerospace and defense sector, which reached a historical maximum in the previous session in the face of a greater military expense in the region, He reversed his profits and fell 1.5%.
Most subsectors of Stoxx 600 closed down, except for public services, which ended up slightly upward, and food and drinks, which earned 1.2%.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
