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European stocks drop as China ups stakes in trade war with U.S.


Monday, 13 May 2019 23:29 WIB

Indeks Stoxx Europe 600


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European stocks continued their decline on Monday, on the heels of this year’s biggest weekly loss, as an escalation in the U.S.-China trade war battered sentiment and prompted investors to shift into safer bets.

The pan-European STOXX 600 index dropped 1.2% to 372.57, with all sub-sectors apart from utilities declining.

Germany’s trade-sensitive DAX dropped 1.5%, while French shares fell 1.2%. London-traded stocks fell to a two month closing low, down 0.6%.

Source: Reuters


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