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European stocks close higher as trade war offers reprieve; tech sector rallies


Tuesday, 21 May 2019 23:19 WIB

Stoxx 600Indeks Stoxx Europe 600Saham Eropa


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European stocks closed higher Tuesday as tensions eased slightly in the escalating trade war between the U.S. and China.

The pan-European STOXX 600 closed up 0.5% to 379.50 , with most sectors in positive territory. Technology stocks led the gains with a 1.6% rise.

Monday saw markets close lower after a U.S. crackdown on Chinese telecommunications giant Huawei weighed on the technology sector. Major European chipmakers saw a sell-off with reports that Germany’s Infineon had suspended shipments to Huawei.

Source : CNBC


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