India, Feb. 3 -- French stocks opened with a negative gap Monday morning and shed further ground before recovering a bit with a few counters attracting modest buying activity.
The levy by the Trump administration has raised fears of a potential trade war and concerns about global economic outlook.
The benchmark CAC was down 149.63 points or 1.88% at 7,800.54 a few minutes ago.
The sell-off in the market comes after U.S. President Donald Trump followed up his threat and imposing punitive tariffs on Canada and Mexico, effective Saturday (February 1). A levy of 10% will take effect on February 5th.
Trump has warned that the EU and UK could be the next targets for the levy.
Shares from automobile and technology sectors are among the worst ...