European Stocks Drop on US Medical Devices Probe; H&M Climbs

European stocks fell, weighed down by the healthcare sector, after the Trump administration launched investigations into imports of robotics, industrial machinery and medical devices.

The Stoxx Europe 600 Index retreated 0.7% at the close. Healthcare shares were down 1.9% after the US set the stage for tariffs on medical devices. Construction and real estate stocks also underperformed.

In individual stocks, Hennes & Mauritz AB surged 9.8% as profit topped expectations amid signs the company’s refocus on its core H&M brand is starting to pay off.

SAP SE dropped 1.2% after it was hit by a European Union antitrust probe into ...