Sweden’s OMX Stockholm 30 Index was down 7.1%, also heading for a bear market. Indexes in Italy, France, Switzerland and Germany slid into correction territory last week.
European stocks plunged, dropping to the lowest since December 2023 on the back of Donald Trump’s tariff announcements, with Germany’s DAX Index falling as much as 10%.
The Stoxx Europe 600 Index sank 6.3%, extending losses after its biggest weekly decline since March 2020, and the DAX tumbled 7.1% at 8.30am in London. The DAX fell to as low as 18,489.91, down more than 20% from its March record high, setting it up for a bear market if it closes at these levels.
