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