Global stocks bounced back somewhat on Tuesday after three days of market turbulence triggered by US President Donald Trump's tariffs on American trading partners.
In Helsinki, the shift in sentiment was evident: the Helsinki Stock Exchange's morning trading screen was flashing green, rising by nearly 2 percent on opening.
The OMX Helsinki Index, which reflects the overall performance of the stock market, opened 1.7 percent up, suggesting that the markets may be rebounding from Monday's decline.
On Monday, the Helsinki Stock Exchange closed at a 4.4 percent loss. Since mid-March, Helsinki-listed stocks have been caught in a steady downward trend, driven by US tariffs and mounting recession fears. Over this period, nearly 16 percent — close to one-sixth — of their total market value has been erased.
Tuesday morning saw a cautious recovery from Monday's drops across Europe's major stock indices. The Stoxx Europe 600, which tracks the performance of the 600 largest stocks in Europe, was up by around one percent. The index includes large, mid-sized, and small companies from 17 European countries.
Trump's ten-percent "baseline" tariff on all imports from many countries came into effect over the weekend. EU states are facing a 20-percent duty.
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