The Cyprus Stock Exchange (CSE) recorded significant losses on Monday, following—albeit to a lesser extent—the steep decline observed in other European stock markets.

As of 12:51, the CSE General Index was down by 3.00%, trading at 220.20 points.

The FTSE/CySE 20 Index stood at 133.04 points, showing a loss of 3.12%. At the same time, the total value of transactions reached a high of €1,573,707.

All individual market indices were in negative territory. The Alternative Market fell by 0.83%, the Main Market by 3.51%, Investment Companies by 1.24%, and the Hotels Index by 3.62%.

The most actively traded securities were those of Bank of Cyprus, with a trading volume of €1,005,700 (decline of 7.04%), Hellenic Bank with €248,891 (down 0.21%), Demetra Holdings with €199,929 (down 1.26%), Logicom with €73,651 (down 6.67%), and Vassiliko Cement Works with €16,665 (down 4.49%).

Out of the shares being traded, two recorded gains, eleven declined, and four remained unchanged. The number of transactions totaled just 242.

Across Europe, markets were in free fall on Monday after sweeping tariffs imposed by US President Donald Trump and China’s retaliatory measures.

By 13:00, the Frankfurt Stock Exchange had fallen 5.4%, having plunged more than 10% earlier in the session.

While losses were slightly reduced, Paris was still down 5.7%, London 4.8%, and Milan posted steep losses of 6.7%.

The pan-European Stoxx 600 Index dropped by 5.1%.

The market volatility index VIX—often referred to as the “fear gauge”—has surged in recent days, climbing 17% on Monday to 53.43 points, up from 18 before the US tariff announcement.

Before Wall Street opened, futures for the US S&P 500 index had fallen 3.8%, pushing the index into a bear market, having dropped over 20% from February highs. Dow Jones futures were down by 1,376 points (3.6%), while Nasdaq futures, already in bear market territory with a total decline exceeding 22%, plunged by 4.1% on Monday.