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European stocks close lower after US and China take tough trade stances


Wednesday, 12 June 2019 23:26 WIB

Saham EropaIndek stoxx europe 600


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

The pan-European Stoxx 600 was down 0.30% to 379.74 during the session, oil and gas stocks leading losses with a 2.1% decline, while banks fell 1.1%. Media stocks were the strongest performer with a 0.7% gain.

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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