Technology stocks pushed European equities to a one-week low on Monday as invest...
- Technology stocks pushed European equities to a one-week low on Monday as investors fled from riskier assets after another exchange of blows between the United States and China over trade at the end of last week.
U.S. President Donald Trump on Friday hit back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods and demanded that U.S. companies move their operations out of China. But after falling half a percent at opening to hit its lowest level since Aug 16, the pan-European STOXX 600 index was down 0.33% by 0755 GMT.
, but the declines were broad-based, with the technology index .SX8P, the most exposed to tariffs, the biggest loser with a 0.59% fall.
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