On Friday, the Lisbon stock exchange closed with a decline of 4.75%, reaching 6,635.79 points. Significant losses were observed in EDP Renováveis and BCP, both falling over 9%, during a tumultuous day across European markets. The downturn was attributed to tariffs imposed by U.S. President Donald Trump.
Asian stocks responded similarly, opening with significant drops today, continuing the pattern set by Friday’s collapse on Wall Street. This market reaction was driven by the tariff imposition by Trump and the subsequent response from Beijing.
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