Swiss stocks fell on Monday as investors reacted to the shock 39 per cent tariff slapped on the country by Donald Trump at the end of last week.
The Swiss Market Index, the country’s main stock index, fell as much as 1.9 per cent in early trading, before easing its losses to trade 1.5 per cent down.
The US president announced the new tariffs late on Thursday last week. The Swiss market was closed for the Alpine country’s national day on Friday, making Monday’s trade the first opportunity for investors to react to the news.
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