India, April 7 -- French stocks tanked to a seventeen-month low in early trades on Monday before staging a modest recovery.
The mood is quite bearish once again amid rising fears of a global recession following U.S. President Donald Trump's announcement of sweeping tariffs on goods from all nations, and China's retaliation with its set of levies on U.S. products.
Trump's remarks over the weekend that "sometimes you have to take medicine to fix something," indicating his stubbornness has further hurt investor sentiment.
The benchmark CAC 40 was down 284.37 points or 3.91% at 6,990.58 a little while ago. The index had tumbled to 6,763.76 earlier in the session, losing more than 500 points.
All the forty components of the benchmark down in...