Europe’s main stock gauges closed with losses of about 2% Monday, weighed down by another bout of trade-related angst.
U.S. President Donald Trump on Sunday made new threats against America’s trade partners, and he also is reportedly readying more regulatory measures targeting China.
The Stoxx Europe 600 Index shed 2% to end at 377.17, building on last week’s drop of 1.1%.
The pan-European benchmark notched its largest daily percentage fall since early March, according to FactSet data, as it stretched its year-to-date decline to 3.1%.
Germany’s DAX 30 fell 2.5% to finish at 12,270.33, while France’s CAC 40 was down 1.9% to close at 5,283.86. The U.K.’s FTSE 100 lost 2.2% to end at 7,509.84.