Australia's Cettire hits more than 2-year low on Trump's EU tariffs

Cettire

03/04/2025 02:30

** Online luxury goods retailer Cettire CTT.AX plunges as much as 19.5% to A$0.640, lowest since September 7, 2022

** Stock set for biggest intraday pct decline since February 3

** Donald Trump imposes 20% tariff on imports from European Union

** Co says 41% of its total gross sales in H1 FY25 related to goods made in the EU and sold in the U.S.

** About 4.6 mln shares traded vs the 30-day avg of 3.3 mln

** CTT down 53.6% YTD

 (Reporting by Aaditya Govind Rao in Bengaluru)

 ((Aaditya.govindrao@thomsonreuters.com;))