Swiss luxury watchmakers' shares, including Richemont and Swatch , were volatile in early trade on Monday, reflecting the challenge for the industry after U.S. President Donald Trumpset a 39% tariff on Swiss imports.

Swiss stock investors are bracing for Monday’s market reopening after US President Donald Trump slapped a punitive 39% export tariff on the country, among the highest in the world. Most Read from BloombergThe World’s Data Center Capital Has Residents SurroundedWe Should All Be Biking Along the BeachSeeking Relief From Heat and Smog,

Swiss stocks fell on Monday as investors reacted to the shock 39 per cent tariff slapped on the country by Donald Trump at the end of last week. The Swiss Market Index, the country’s main stock index,