European shares climb but Swiss stocks slump amid tariff fears
generic stock business Photo of a stock market graph going up. Picture: iStock
European shares edged higher on Monday, recovering some ground after three straight sessions of declines, while Swiss stocks slumped to their lowest in more than three months as investors digested a hefty 39% US tariff rate on Switzerland.
Switzerland's benchmark SMI index fell 0.8% as trading resumed after a long weekend, with the top 10 decliners on the STOXX 600 being Swiss stocks. The pan-European STOXX 600 index rose 0.5% after logging its biggest daily drop in more than three months on Friday.
