Zagreb index posts biggest daily drop in ten months amid fresh US tariff threats
Croatian equities came under heavy pressure on Monday as renewed trade tensions between the United States and Europe triggered a broad market sell-off. After a calm opening, losses accelerated in afternoon trading, pushing the CROBEX index down 1.2% to 3,916 points and ending an eight-day rally. It was the benchmark’s sharpest one-day decline in nearly ten months.
The steepest fall was recorded by Kraš, whose shares plunged 7.5%, followed by Croatia Osiguranje (-5.2%) and Končar – Distributivni i specijalni transformatori (-5%).
Končar was also the most traded stock, with €440,000 in turnover, despite a 2.4% price drop, while Dalekovod stood out as one of the rare gainers, rising 0.5%.
The Zagreb slide reflected losses across Europe, where Germany’s DAX fell 1% and France’s CAC 40 dropped 1.4%, while the STOXX 600 index lost over 1%. Markets reacted to statements by U.S. President , who announced new tariffs on imports from several European NATO members, rattling autos and luxury stocks and reviving fears of a wider trade confrontation.