European defence company shares plunged on Monday amid a steep selloff in equities sparked by U.S. President Donald Trump’s sweeping tariffs and fears of an ensuing global recession. An index of aerospace and defence companies, which so far this year has been enjoying a record -breaking run, dropped 9.3% at 0721 GMT, following an 8% decline on Friday. If losses continue, this will mark its biggest one-day decline since April 2020.Read More
