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European Stocks Fall After US and China Take Tough Trade Stances


Wednesday, 12 June 2019 14:14 WIB

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European stocks traded sharply lower Wednesday after the U.S. and China resumed tough stances in their ongoing trade war.

The pan-European Stoxx 600 dropped 0.5% at 380.89 after the opening bell, bank stocks narrowly leading losses with a 0.8% decline while all sectors traded in the red.

U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy, while China vowed a tough response if Washington insists on escalating trade tensions as the world’s two largest economies attempt to negotiate a deal.

Source : CNBC


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