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European Stocks Close Higher as US Delays China Tariffs On Phones and Clothing


Tuesday, 13 August 2019 23:20 WIB

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European stocks reversed course on Tuesday, closing higher as investors reacted to news that the U.S. has delayed additional tariffs on some Chinese imports.

The pan-European Stoxx 600 closed was up 0.6% at 372.40. Markets had traded lower earlier in the session. Trade-sensitive sectors like autos and basic resources were among the biggest gainers.

The U.S. Trade Representative office said on Tuesday that certain items would be removed from a list of goods set to be hit with a new 10% levy, citing “health, safety, national security and other factors.”

Source : CNBC


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