European stocks opened lower Friday as trade fears ratcheted up, amid the U.S. administration’s bid to blacklist Chinese telecoms giant Huawei and the ruling Chinese Communist Party’s newspaper striking a defiant tone.
The pan-European STOXX 600 dropped 0.4% at the opening bell, autos leading the losses with a fall of 1.1% in the early minutes of trading.
In Asia, most major indexes gained in Friday trade following overnight gains on Wall Street, but mainland Chinese shares tumbled amid ongoing tensions between Beijing and Washington. The Shenzhen component led the losses, dropping 1.77% in the morning session.
Source : CNBC