Global stocks fell on Monday due to losses in Wall Street and European stocks as new uncertainty grew over tariffs after US President Donald Trump announced new tariffs in the wake of a US Supreme Court ruling last week.Major indices fell on Wall Street, with software and financial services the biggest factors affecting the indices. Citigroup shares fell by 5.4%, while JPMorgan Chase and Wells Fargo shares fell more than 4% each. The Dow Jones Industrial Average fell 1.6%, the S&D fell 1.2%, and the Nasdaq Composite fell 1.3%.In a ruling on Friday, the US Supreme Court invalidated most of the tariffs imposed by Trump last year. Using a different law, Trump first announced a 10% global tax, then 15%, which could last five months while the administration searches for more sustainable solutions. Software-related companies were also among the biggest losers. The S&Software and Services index fell 3.8%, extending its 23.5% decline this year on fears of AI disruption.
