The Helsinki stock exchange was overshadowed by the threat of US tariffs – General index below 9,500 points

The Helsinki Stock Exchange remained on the decline on Tuesday, weighed down by almost all the most traded shares.

The strongest decline was seen, for example, in the forest industry, machine shops and metal companies.

The OMXH general index eventually fell by 1.2 percent to 9,495.25 points.

There was also skiing in other parts of Europe. Stocks fall as Trump tariff fears weigh on sentiment.

Future President of the United States Donald Trump threatened to impose tariffs on imports from Mexico, Canada and China.

At this stage, Europe was not mentioned separately, but many of the listed companies operate internationally. Interviewed by Bloomberg Gama Asset Managementin investment manager Rajeev De Mello believes that these announcements by Trump indicate that tariffs will be the primary instrument in the implementation of foreign policy.

“I expect European stocks to come under increasing pressure as the timing of this announcement is earlier than expected and Europe may be next.”

In addition to Trump’s planned protectionist policy, European stock markets are already worried about slowing economic growth and the escalation of the conflict between Ukraine and Russia.

Forestry company Ponsse completed the change negotiations. In the negotiations, it was agreed that the company will prepare for a maximum of 90 days of layoffs for 2025. The possible layoffs apply to the 850 Ponse employees involved in the negotiations, excluding the Finnish sales and maintenance organization and Epec Oy.

Ponsse’s share rose 1.4 percent to 21.50 euros.

IT company Hedgehog Solutions said that the company’s financial goals will remain unchanged, but the period of the goals will be longer. Previously, the financial goals were for the years 2025–2026. Now the goals extend until 2028.

Steel company SSAB announced that it has entered into a cooperation agreement with Amazon Web Services (AWS) for the supply of fossil-free steel.

OP and Insiders raised on Tuesday Terveystalo target prices after Monday’s positive earnings warning.

Terveystalo’s share rose 1.2 percent to 10.30 euros.