Summary
March proved to be a difficult month for equity markets, primarily due to negative tariff news and general investment uncertainty. In several instances, high-quality companies were sold off for reasons unrelated to their fundamentals, with broader market anxiety influencing investor behaviour. All major stock indices were down for the month with the S&P500 leading the way (down 5.75%). The Nikkei and the MSCI Euro Index followed with drops of -4.14% and -3.66% respectively and the FTSE 100 was down 2.58%.
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