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European stocks open sharply lower as trade tensions mount


Monday, 5 August 2019 14:13 WIB

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European stocks tumbled Monday morning as a rapid escalation of U.S.-China trade tensions continues to spook investors worldwide.

The pan-European Stoxx 600 fell by more than 1% at the opening bell, basic resources stocks leading losses with a 3.3% decline as nearly all sectors and major bourses slid into the red.

Global stocks suffered a volatile session Friday after U.S. President Donald Trump on Thursday announced his plans to slap 10% tariffs on China's remaining $300 billion of exports to the United States, announcing the decision on Twitter having reportedly overruled his own advisors.

Source : CNBC


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