Share prices of companies on the London Stock Exchange have taken a hit in response to US President Donald Trump’s recently imposed tariffs. The FTSE 100 and FTSE 250 have both experienced significant drops in share prices over the past week following the announcement of these tariffs.

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The FTSE 100, home to many UK tech giants, has seen a decline in share prices across various industries. Companies like RELX have witnessed a notable decrease in their share prices, while aerospace firm BAE Systems has managed to increase in value amidst the economic turmoil.

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On the other hand, telecommunications companies like Vodafone and BT have faced declines in their share prices, reflecting the broader trend of market instability. Sage, Auto Trader, and Rightmove are among the tech companies that have also seen their share prices decline in response to the market crash.

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Klarna, an online property portal, has postponed its US IPO due to the uncertain market conditions caused by the tariffs. The impact of these tariffs extends beyond the FTSE 100 to companies like ConvaTec and Entain, which have experienced drops in their share prices as well.

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Turning to the FTSE 250, companies like THG and Raspberry Pi have witnessed declines in their share prices, reflecting the overall market trend. Deliveroo and ASOS, both prominent players in their respective industries, have also seen drops in their share prices in response to the market instability.

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Despite the general downward trend, there are some exceptions. Oxford Nanopore has seen a slight increase in its share price, while Softcat and Computacenter have faced declines. The market remains volatile, with companies like NCC Group and Ocado Group experiencing fluctuations in their share prices.

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The current market conditions highlight the vulnerability of tech firms to external factors such as trade policies and geopolitical events. Investors and industry analysts are closely monitoring the situation to assess the long-term implications of these tariffs on the UK tech sector.