STOXX 600 down 10% from record close, on course to confirm correction
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 4, 2025
1 min readLast updated: January 24, 2026
The STOXX 600 index fell 3.1%, now over 10% below its record high, indicating a market correction due to global equity declines from Trump's tariff plans.
LONDON (Reuters) - The pan-European STOXX 600 share index fell 3.1% on Friday, leaving it more than 10% below its record closing high from March 3 and on course to confirm the benchmark is in a correction.
The decline on Friday extended on the previous day's 2.6% drop after U.S. President Donald Trump unveiled sweeping tariff plans, that have cratered equities across the globe. [MKTS/GLOB]
(Reporting by Samuel Indyk, editing by Alun John)
The article discusses the STOXX 600 index dropping over 10% from its record high, indicating a market correction due to global equity declines.
The drop is attributed to global equity declines following U.S. President Trump's announcement of sweeping tariff plans.
A market correction occurs when an index falls more than 10% from its recent peak, indicating a significant decline in market value.
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