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European stocks slide at open | Malay Mail

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LONDON, May 4 — Europe’s stock markets sank at the open today on simmering US-China tensions, with Frankfurt and Paris falling far more sharply than London after a long holiday weekend. Asia also suffered steep losses, tracking heavy pre-weekend falls on Wall Street, after US President Donald...

A pedestrian in protective suit rides an escalator near an overpass with an electronic board showing stock information at Lujiazui financial district in Shanghai March 13, 2020. — Reuters pic

Asia also suffered steep losses, tracking heavy pre-weekend falls on Wall Street, after US President Donald Trump sparked fears of a renewed trade war with China over its role in the coronavirus pandemic. Outside the eurozone, London’s FTSE 100 index lost almost 0.6 per cent to 5,730.60 points compared with the closing level on Friday.

“Equities in Europe opened sharply lower, as expected. Losses in the FTSE were less than the rest of the European continent, but the investor mood points at further losses throughout the session,” she added.

 

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