European stocks in red amid uncertainties related to US tariffs

ISTANBUL

Major European stock markets saw significant losses on Monday, as uncertainties related to the US tariffs continue.

The US tariff package has raised concerns that a large-scale trade war could erupt which could lead to a global economic slowdown.

Many trading partners, including China and the EU, have already announced countermeasures.

Germany's DAX index posted a huge loss of around 10% to 18,523.6 early Monday as of 0715GMT.

Britain's FTSE100 index lost 6% to 7,592.33 points and France's CAC 40 index dropped by 6.7% to 6,786.23.

The pan-European STOXX 600 index also fell by 6.25% to 465.30.