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European markets open lower as US and China clash over Hong Kong


Thursday, 28 November 2019 15:16 WIB

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European markets opened lower on Thursday, as investors monitored friction between the U.S. and China over the Hong Kong protests.

The pan-European Stoxx 600 fell by 0.2% at the opening bell, with tech and auto stocks shedding 0.5% to lead losses as the majority of sectors and major bourses entered negative territory.

U.S. President Donald Trump signed into law two bills backing protesters in Hong Kong on Wednesday, setting off a clash with China which had objected to such legislation. China’s Ministry of Foreign Affairs subsequently slammed the move, accusing the U.S. of having “sinister intentions.”

Source: CNBC


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